Over at Value-Added: Nick Bunker: What to Worry About on the Supply Side
Afternoon Must-Read:
…issues with both the growth rate of productivity and the supply of labor… John Fernald… on the lack of new advancements in information technology… Stephen G. Cecchetti… and Enisse Kharroubi… [on the] over-bloated financial sector… Equitable Growth’s Robert Lynch… [on] educational inequality…. Supply and demand aren’t… easily untangled…. With the lack of acceleration of wage growth, the labor market appears to still have some slack…. Short-term considerations can help alleviate our long-run problems…. We can’t forget about the supply-side problems that lurk further downstream. Our future prosperity depends on it.