HOUSE_OVERSIGHT_021025.jpg
1.39 MB
Extraction Summary
3
People
4
Organizations
1
Locations
0
Events
0
Relationships
2
Quotes
Document Information
Type:
Presentation slides / financial report
File Size:
1.39 MB
Summary
This document contains two slides (pages 367 and 368) from a presentation titled 'USA Inc. | What Might a Turnaround Expert Consider?' produced by the venture capital firm KPCB. The slides provide an economic analysis of US labor productivity growth sources (1977-2000) and federal spending allocation trends (1970-2009), arguing that resources are shifting from productive investments like technology and education toward entitlement programs. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a document production for a congressional investigation.
People (3)
| Name | Role | Context |
|---|---|---|
| Dale W. Jorgenson | Source Author |
Cited as a source for productivity growth data.
|
| Mun S. Ho | Source Author |
Cited as a source for productivity growth data.
|
| Kevin J. Stiroh | Source Author |
Cited as a source for productivity growth data.
|
Organizations (4)
| Name | Type | Context |
|---|---|---|
| KPCB |
Kleiner Perkins Caufield & Byers - Venture capital firm that created the presentation.
|
|
| White House Office of Management & Budget |
Cited as the data source for federal spending statistics.
|
|
| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT'.
|
|
| NBER |
National Bureau of Economic Research (cited in URL).
|
Locations (1)
| Location | Context |
|---|---|
|
Subject of the economic analysis ('USA Inc.').
|
Key Quotes (2)
"Technology + Infrastructure + Education Investments Drove ~90% of Labor Productivity Growth for Past ~30 Years"Source
HOUSE_OVERSIGHT_021025.jpg
Quote #1
"However, USA Inc. Has Increasingly Allocated Resources Away from Productive Technology + Infrastructure + Education Investment / Spending Toward Less-Productive Entitlement Program Spending"Source
HOUSE_OVERSIGHT_021025.jpg
Quote #2
Full Extracted Text
Complete text extracted from the document (1,602 characters)
Technology + Infrastructure + Education Investments Drove ~90% of Labor Productivity Growth for Past ~30 Years
Sources of USA Average Labor Productivity Growth, 1977-2000
2.5%
Annual Productivity Growth
2.0%
2.21%
1.5%
1.13%
1.28%
Average Annual Growth Rate (%)
1.0%
0.5%
0.0%
-0.5%
1977-1990 1990-1995 1995-2000
2.5%
Annual Productivity Growth
2.0%
2.21%
1.5%
1.13%
1.28%
Average Annual Growth Rate (%)
1.0%
0.5%
0.0%
-0.5%
1977-1990 1990-1995 1995-2000
[Legend]
Technology Investment
Infrastructure & Other Investment
Education (Labor Quality)
Other (Total Factor Productivity)
Technology Investment
Infrastructure & Other Investment
Education (Labor Quality)
Other (Total Factor Productivity)
Note: Total Factor Productivity is the portion of output not explained by the amount of inputs used in production.
Source: Dale W. Jorgenson, Mun S. Ho, Kevin J. Stiroh, "Growth of U.S. Industries and Investments in Information Technology and Higher Education"
KP CB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 367
Source: Dale W. Jorgenson, Mun S. Ho, Kevin J. Stiroh, "Growth of U.S. Industries and Investments in Information Technology and Higher Education"
KP CB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 367
However, USA Inc. Has Increasingly Allocated Resources Away from Productive Technology + Infrastructure + Education Investment / Spending Toward Less-Productive Entitlement Program Spending
USA Real Federal Productive vs. Less-Productive Spending*, 1970-2009
100%
Productive
(Investment / Spending on Defense, Education, Infrastructure, Technology...)
80%
% Share of Total Federal Spending
60%
Less-Productive
(Spending on Entitlement and Interest Payments)
40%
20%
0%
1970 1974 1978 1982 1986 1990 1994 1998 2002 2006
Productive
(Investment / Spending on Defense, Education, Infrastructure, Technology...)
80%
% Share of Total Federal Spending
60%
Less-Productive
(Spending on Entitlement and Interest Payments)
40%
20%
0%
1970 1974 1978 1982 1986 1990 1994 1998 2002 2006
Note: *Total spending excludes one-time items (such as TARP / GSE / ARRA) for F2008 / F2009 data.
Data source: White House Office of Management & Budget (1970-2009).
KP CB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 368
Data source: White House Office of Management & Budget (1970-2009).
KP CB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 368
HOUSE_OVERSIGHT_021025
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