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Must-read: Robert Gordon (2012): “Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds”

Must-Read: Robert Gordon (2012): Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds: “Start by assuming that future innovation propels growth…

in per-capita real GDP at the same rate as in the two decades before 2007, about 1.8 percent per year…. Baby-boomer retirement (the reversal of the demographic dividend) brings us down to 1.6 and the failure of educational attainment to continue its historical rise takes us to 1.4 percent…

And adding 1.0%/year population growth gets us up to 2.4%/year as the U.S. economy’s future projected rate of economic growth.

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Must-read: Robert Gordon (2012): “Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds”

April 6, 2016

AUTHORS:

April 6, 2016

AUTHORS:

Factsheet: Is the U.S. economy in a recession, and how does recession dating work?

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon