Right now there are two different kinds of industries. There are the industries that have rapid technological adoption and productivity improvement. Television sets, computer equipment, media, food. Bloomberg had a story that food prices are plummeting because food production is getting much more sophisticated.

So you've got these sectors of the economy where there's rapid productivity growth. Prices are falling fast. Those are the industries where everyone is worried that the jobs are going away — or to China or Japan or Mexico. People say there's too much disruption — too much technological change. The Silicon Valley kids are wreaking havoc on the economy.

Then you have the sectors in which prices are rapidly rising: health care, education, construction, prescription drugs, elder care and child care. Here there’s very little technological innovation. Those are sectors with insufficient productivity growth, innovation, and disruption. You’ve got monopolies, oligopolies, cartels, government-run markets, price-fixing — all the dysfunctional behaviors that lead to rapid increase in prices.

The government injects more subsidies into those markets, but because those are inelastic markets, the subsidies just cause prices to go up further, which is what is happening with higher education.

And so in these sectors, people are irate that there's not enough productivity growth. There’s not enough technological growth and we’re paying too much.

You sum those together, you get this muddle in the middle where it looks like we're puttering along. But this masks what’s actually happening.

You have some sectors falling in prices very fast, some are rising very fast. What happens over time is that the rising-cost sectors eat the entire economy. Consumers see their incomes being eaten by health care and education.

http://www.vox.com/new-money/2016/10/5/13081058/marc-andreessen-ai-future