Live chart: Economic growth

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1. It's GDP, not GNP. All of us agree that it's depended lot on demographic changes. And I think people never mind to migrate to low-income countries.
2. Probably, yeah. And yes, automation has destroyed jobs, along with other technologies, more efficiency, and a larger population.
3. Hows the economy where you are??? :)
4. What about automation of low end services(like robot vacuum cleaners or cars)? Or genetics? Also, its hard to predict these things. Could you have predicted the impact of railroads when they started building them in mines.
5. Per person means per person.
6. 2 finish macro, all-ways works more effeminately than micro..
7. The economic pattern would still follow the demographic...
8. Yes, but this video is dealing with GDP per person. So if the population shrank 3% and caused a corresponding 3% decline in GDP, the GDP per person remains the same.
9. Math is simple.......An economy is the goods and services produced and consumed by a population in nation or region....If the population is shrinking??? Cause and effect,it is what it is......The population is not collapsing in the US ,due to the higher birthrates of Christians in the interior west and south....New England and California for example have declining populations,and their economy's will follow...
10. Shouldn't measuring growth as "GDP per person" account for any growth that results from population increases?
11. I hate to point out the obvious,but a higher birthrate leads to a faster growing economy....:) 
12. I'd say it's because there's almost nothing left to "jump into it," so to speak. There's no railroad boom, no oil boom, or internet boom, no nothing. We're reaching a point where there's nothing really to grow into. Poor countries are growing only by catching up to where rich countries are. At this point, we need to start cleaning up our system. We've grown and grown and grown, until we can barely grow anymore. It's time to perfect our system, make it more efficient, and ecological.
13. It's not to do with population growth and definitely not to do with full employment - poorer countries often have higher employment and work longer hours. It's just less developed countries catching up by adopting the technology and way of doing things as developed countries . Once their GDP/person reaches roughly that of higher income countries their growth rates will be roughly the same too.
14. I think part of it is in the fact that there are limits on growth. once every aspect of the life has been commercialized, there is nothing else left to commercialize. Once you hit full employment, there's no one else to hire.. that sort of thing. and some of it is also the fact that rich countries have stable or shrinking populations.
15. BTW FIRST!!!
16. So what is the cause of this? is it capitalism? or something else? or a combination of things? inquiring minds want to know.