When phone companies implored U.S. customers in 2003 to text more because they were lagging behind the rest of the world, it was all over. Almost. While we're used to a dizzying array of new apps each month and new "sharing economy" companies such as Uber and AirBnB transform the way we do business, one of the greatest periods of U.S. productivity was already behind us by 2005. The little gadgets we're addicted to now are nothing compared with the invention and adoption of the electric light, indoor plumbing and the automobile. That's according to Robert J. Gordon, author of "The Rise and Fall of American Growth" and a professor at Northwestern University. There's not much on the horizon to change all that, Gordon tells Scott Lanman and Daniel Moss. But take heart: A recession isn't likely anytime soon!

<p>When phone companies implored U.S. customers in 2003 to text more because they were lagging behind the rest of the world, it was all over. Almost. While we're used to a dizzying array of new apps each month and new "sharing economy" companies such as Uber and AirBnB transform the way we do business, one of the greatest periods of U.S. productivity was already behind us by 2005. The little gadgets we're addicted to now are nothing compared with the invention and adoption of the electric light, indoor plumbing and the automobile. That's according to Robert J. Gordon, author of "The Rise and Fall of American Growth" and a professor at Northwestern University. There's not much on the horizon to change all that, Gordon tells Scott Lanman and Daniel Moss. But take heart: A recession isn't likely anytime soon!</p>

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

<p>Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.</p>

Who will win the trade war, and how? If the job market is so strong, why does your paycheck seem so meager? What will drive the economy of the future? Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders, will take listeners on location each week to answer questions like these and bring the global economy to life.

Trumponomics

52: Ever Since Texting, It’s Been Downhill for the U.S. Economy

52: Ever Since Texting, It's Been Downhill for the U.S. Economy

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4fa0d20a-c61c-4275-87c8-ae2b0027faf2/transcript

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