Once you have a developed economy, it's hard to wring the same kind of growth out of it, because you're a lot closer to your potential.
No, it's easier for a developed economy to make productivity gains than it is for a subsistence economy, because by definition, the subsistence economy, after meeting the most basic needs of the population, has hardly anything left over to invest in R&D.
That is why human existence remained much the same for millennia -- a subsistence economy has little capacity to change itself -- but suddenly in the last 200 years there has been an explosion of technology and growth.
But the United States, we don't always make the best choices as to what to do with the fruits of our developed economy. Sometimes that's the fault of government (blowing money on lavish parties for GSA employees); sometimes it's the fault of individuals (blowing $150 on a ticket to watch grown men chase a ball around on a field).