Human existence changed irreversibly after the invention of indoor plumbing and the municipal supply of water and sewage. The advent of electricity also changed life as we know it, and so did automobiles, the telephone, penicillin, pasteurization, the polio vaccine, and much more. In his book, The Rise and Fall of American Growth; The US …
Not All the Economic News is Bad
The past decade has been terrible in terms of job growth and median wage growth, and sadly that was true even before it culminated in the worst recession since the 1930s. But not all the news is bad. Although it’s not much discussed, this has actually been the best decade since the 1960s for productivity …
