I'll say it again for the cheap seats;
EVERY GENERATION has its Volcker Recession. ie-when the little kiddies who were spoon fed flowers and puppies and unicorns and socialism all of the sudden are adults and have to grow up. Oh sure they go through a temper tantrum, protesting Vietnam or Wall Street or whatever bogeyman is to blame for their laziness and sloth at the time, but in the end it basically boils down to the real world hitting them upside the head and telling them they have to produce or sink.
What we have today is largely my generation and "Gen Y' throwing their tantrum. When they either have kids, realize whining doesn't pay the bills, etc. etc., or even go so far as to have an epiphany about economics, they may have a Reagan Revolution that ends this current Great Recession just like the real Ronald Reagan ended the Volcker Recession.
Until that happens you can expect there to be a gap between what my generation is capable of and what we actually produce, just like the Baby Boomers back in the 70's;
I put it in terms of percentages because the above data was not in real terms, this shows the difference between real and potential more clearly;