diogene:

The 3.5% growth is not a sham but you need to understand what it consists of so we don't leap on the interest rate increase wagon. Productivity Gains have increased, real GDP growth has not. I wonder why? Take a guess as I think I know and am waiting for an answer elsewhere.

I would say the worse is yet to come with Labor. We are a part of the decrease of Labor's share of Productivity Gains. The new frontier for the next decade is the increase in Automation minimizing Labor even more or "I Robot."