Friday 30 September 2016

Productivity and Election 2016 (David Wessel, Brookings)

Only half of all Americans tell public opinion pollsters that they expect today’s young people to have a better life than their parents, a remarkably pessimistic view given the economic and technological progress that the U.S. has enjoyed over the past several generations.[1] Will those pessimists be proven correct? The answer depends on how fast we can increase productivity, the amount of goods and services produced for each hour of work.

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