This is a significant gap, and it can be seen that while the labor input has increased relatively rapidly since 1995, and has made a marked contribution to per capita GDP growth, GDP per hour of work, or labor productivity, nonetheless grew at a very moderate rate.
In retrospect, we now know that such stimulus provided excess support to demand at a time when supply was struggling to adjust, compounding inflation. The war in Ukraine, which exacerbated the shock to prices of oil, gas and some inputs into food production like fertilizers, added to the global inflation problem.