You must Publish this diary to make this visible to the public,
or click 'Edit Diary' to make further changes first.
Posting a Diary Entry
Daily Kos welcomes blog articles from readers, known as diaries. The Intro section to a diary should be about three paragraphs long, and is required. The body section is optional, as
is the poll, which can have 1 to 15 choices. Descriptive tags are also required to help others find your diary by subject; please don't use "cute" tags.
When you're ready, scroll down below the tags and click Save & Preview. You can edit your diary after it's published by clicking Edit Diary. Polls cannot be edited once they are published.
If this is your first time creating a Diary since the Ajax upgrade, before you enter any text below, please press Ctrl-F5 and then hold down the Shift Key and press your browser's Reload button to refresh its cache with the new script files.
ATTENTION: READ THE RULES.
One diary daily maximum.
Substantive diaries only. If you don't have at least three solid, original paragraphs, you should probably post a comment in an Open Thread.
No repetitive diaries. Take a moment to ensure your topic hasn't been blogged (you can search for Stories and Diaries
that already cover this topic), though fresh original analysis is always welcome.
Use the "Body" textbox if your diary entry is longer than three paragraphs.
Any images in your posts must be hosted by an approved image hosting service (one of: imageshack.us, photobucket.com, flickr.com, smugmug.com, allyoucanupload.com, picturetrail.com, mac.com, webshots.com, editgrid.com).
Copying and pasting entire copyrighted works is prohibited. If you do quote something, keep it brief, always provide a link to the original source, and use the <blockquote> tags to clearly identify the quoted material. Violating this rule is grounds for immediate banning.
Be civil. Do not "call out" other users by name in diary titles. Do not use profanity in diary titles. Don't write diaries whose main purpose is to deliberately inflame.
I'm going to use the results of this poll in a diary during the Social Security Defenders blogathon March 25th thru the 29th. There are 4 major components that hinder or propel GDP growth, Resources, Energy, Productivity and workforce growth. All 4 propelled GDP growth 40 to 80 years ago. Today Resources, Energy and workforce growth are incapable of fueling GDP growth as they did in decades past. Productivity continues to increase but wage growth has been decoupled from productivity since about 1973.
The days of GDP growth of 8%-10%-12% are long gone, easy to find oil and metals fed GDP growth in past decades. Oil is found deeper and isnt the light crude of decades past, crudes are medium and heavy. Resources like Iron ore in the form of hematite, found in shallow formations and of extremely high quality have run out, Hematite mines in the US started to shut down in the early 1970's. Today Taconite is mined from open pit mines a mile deep. Tacnite has to crushed before going into a blast furnace, adding another step that wasnt need when hematite was plentiful.
Our workforce is not growing as it used to, workforce growth was 1.2% in 2012, and the Bureau of Labor and Statistics predicts by 2050, workforce growth will be down to .7%.
Economist Dean Baker returned my email invite and will be publishing his diary about productivity and demographics at 11am on Friday, March 29th.