Short editorial from Bloomberg:
During this recovery we have seen increased risk and uncertainty in the fiscal health of the U.S. economy. There has been rising labor force competition overseas, especially from China and India. Employers are more concerned than ever about hiring because of rising costs for health insurance and benefits.
At the same time, these concerns have pushed companies to go to even greater lengths to boost productivity by squeezing more out of investments in computers and other technology made in the last half of the 1990s.