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Here is an economic riddle that has been puzzling many people: Why has economic growth in the United States remained below 3% for so long?

The growth of U.S. gross domestic product (GDP) going all the way back to 1790 has averaged less than 3% in only three decades: the 1930s (Great Depression), the 2000s, and the 2010s. In fact, the last time the U.S. experienced over 3% growth for a single year, much less a decade, was 2005. Fifteen years of subpar growth is a long drought for any economy, and especially for the richest economy in the world.

One theory for why

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