Gordon lines up with Silicon Valley entrepreneur Peter Thiel, who has said that, “We wanted flying cars, instead we got 140 characters.” Despite all the hype coming out of Silicon Valley, Gordon believes we are in a period of modest progress. Whereas many observers worry that because of technology there will no longer be work for an increasing share of able-bodied adults, he thinks there will be work for all, but very little increase in productivity. Disturbingly, his reading of history and his assessment of a variety of factors in the current environment that he calls “headwinds” lead him to the judgement that, “headwinds are sufficiently strong to leave virtually no room for growth over the next 25 years in median disposable real income per person.”