Konstam: Pessimistic on Productivity Story

The video discusses the ongoing decline in productivity, highlighting the potential causes such as overemployment and insufficient investment. It questions whether this is a result of new globalization or technological diffusion. The speaker expresses pessimism about productivity trends and explores various factors, including demand-side issues, that might be contributing to the problem. Despite numerous possibilities, no definitive cause is identified.

What does the speaker imply about the relationship between investment and productivity?

In what ways might demand-side problems affect productivity according to the speaker?