Alejandro Salazar

“Third, the cumulative effect of these improvements from 1947 through 1983 was massive. Improvements in quality—that is, previously unmeasured components of consumer surplus that were not included in the GDP data—amounted to 100 percent of the cost of refrigerators and clothes dryers and 200 percent of the cost of room air conditioners.”
― Robert J. Gordon, The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War

“In any case, it is clear that the phenomenon of retirement for males aged 65 or older began long before the New Deal’s invention of Social Security.”
― Robert J. Gordon, The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War

“The ratio of disagreeable to nonroutine cognitive jobs shifted from 7.9 in 1870 to 2.1 in 1940 to 0.1 in 2010, one of the great achievements of American economic growth over the past fourteen decades.”
― Robert J. Gordon, The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War

“Striking was the absence of medium to large-sized cities that were typical in the northeast and Midwest. Most towns were merely crossroads.”
― Robert J. Gordon, The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War