I’ve grown used to hearing Silicon Valley venture
capitalists—and some tech CEOs—talk about how U.S. economic statistics don’t
reflect the benefits the technology industry delivers to the U.S. economy. It’s true that the tech industry creates jobs,
income, and wealth for millions of Americans. Yet at the same time, the rise of
tech has coincided with terrible underperformance of the U.S. economy as a
whole. So when I saw a senior executive
at New York financial firm BlackRock joining the chorus trying to deny U.S.
macroeconomic reality, I decided to gather the relevant statistics in one place
to demonstrate just how bad U.S. economic performance is.
