I don’t think this is actually true. Assume zero GDP growth and zero change in the ratio of income from capital and income from labor. The share price of your stocks does not increase or decrease, but they pay you an annual dividend. The return is still positive even under overall stagnant conditions.
I don’t think this is actually true. Assume zero GDP growth and zero change in the ratio of income from capital and income from labor. The share price of your stocks does not increase or decrease, but they pay you an annual dividend. The return is still positive even under overall stagnant conditions.