This group has experienced a large secular decline in real earnings during the last 30 years.
"This is a business that is in inexorable secular decline," he said.
Hey! LBJ! ReprintsIn America at least, coal appears to be in secular decline.
"News in printed form is in secular decline," Gracia C. Martore, Gannett's chief executive officer, told investors.
Traditional parties are in secular decline, their electoral bases hollowed out by a withering of class identities.
But public spending on research is in secular decline, leaving private firms to pick up the slack.
All this doom and gloom may lead some people to conclude that video gaming is in secular decline.
The Social Democrats' voting share is in secular decline, from 45% or so two decades ago to barely 30% now.
A secular decline, by contrast, would indicate that demand in China is weakening and rebalancing has been suspended.
So, yes, government spending provides a short-term boost, but there is a trade-off with long-run secular decline.
To those on the right, France's oversized and intrusive government offers only a blueprint for secular decline.
