I'm wondering if main reason for tech stagnation is globalization.If you can increase your profits from cutting cost by transferring work to China why should you concentrate on increasing productivity?
I haven't listen to the link but Peter Thiel comes to exactly the same conclusion in other talks.
https://youtu.be/zgF6FAYsWdI
Well, it mostly just makes products cheaper. Also, sites like amazon can be linked to the current low inflation due it`s ability for users to price guage efficently.