In the News

US – What would explain the slowdown in growth ?

What would explain the slowdown in growth, if the culprit isn’t some version of unused capacity? It’s not as if the entire U.S. woke up one morning in 2008 and decided, “I’m going to be less productive today and every day going forward.”…

Capture d’écran 2014-03-19 à 09.00.37

Investments to expand capacity don’t happen when the capacity that already exists isn’t being used. And it’s not as if one can clap those investments instantly into existence once the slack goes away — the time required to invest has already been forfeited. This lack of investment during the recession probably reduced the country’s economic potential and, with it, the amount of slack it has left.

What’s the evidence that U.S. capacity hasn’t grown much since 2007? To start with, productivity growth is crawlingly slow — averaging just 1 percent over the last few years. That’s a far cry from the late 1990s, when it ran at 3 percent.

Chosen excerpts by Job Market Monitor. Read the whole story at Is This the Best the Economy Can Do? – Bloomberg View.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter

Categories

Archives

%d bloggers like this: