Macroeconomics vs. Stocks

I feel kind of stupid for asking this, but luckily this is an anonymous forum. Over the last few decades the gains of the stock market have far surpassed the gains in gross domestic product. I suppose this can be accounted for by economies of scale and a greater macroeconomic shift towards large business and/or higher profit margins for corporations, but I am a freshman in college and by no means consider my opinion professional. Is this trend sustainable and why have stock market gains far surpassed gains in output over the last few decades?

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I think the comparison would only make sense if every employer was listed on the stock market. But if you underperform even the bond markets and have not the slightest chance to grow, then you usually don't head for an IPO. g

The question is interesting though from some points of view. Thanks for the hint.

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