"The Great Stagnation" refers to a period of slow economic growth in the United States that began around 2000. This phenomenon is characterized by a decline in productivity and innovation, leading to stagnant wages and limited job creation. The term was popularized by economist Tyler Cowen in his 2011 book, where he argued that the U.S. economy has been unable to generate significant advancements in technology and productivity, which are essential for economic progress. Several factors contribute to this stagnation, including a slowdown in technological breakthroughs, demographic changes, and increased income inequality. The lack of transformative innovations, similar to those seen during the Industrial Revolution or the Information Age, has resulted in fewer opportunities for economic expansion. As a result, many Americans have experienced a decline in their standard of living, raising concerns about the long-term health of the economy.