If the workforce was growing at 2% a year it would be much easier to see how the US economy could grow in the 3% to 4% range. But that’s a big stretch today, which is why the CBO, the Fed, and most private forecasters see a 2% economy going forward, at best.
A new report from Goldman Sachs splashes some cold water on the deregulatory impulse, or at least tempers expectations.
While lower unemployment rates and higher wages are not always good for businesses, they are encouraging signs for workers. Despite mild inflation in wages, a move to full employment has an overall positive effect on economic growth in the United States economy.
“This is big — we’ve built a broader government system and economic system around mobility, and then mobility declined.”
The International Monetary Fund confirmed a strong picture for global growth this year. However, one fifth of emerging market economies saw per capita incomes fall last year. Experts discuss the discrepancies surrounding global growth rising and income inequality.
President Trump’s speech at Davos highlighted the economic prosperity America is experiencing under his administration.
On CNBC this morning I reacted to the speech Trump gave at Davos. My big takeaway: We need to stop expecting him to evolve into a free trader.
Americans are no longer moving. And that’s a problem for the economy, adversely affecting everything from productivity growth, to income inequality, to monetary policy.
My take on Apple’s repatriation announcement and the bidding war for Amazon’s second headquarters.
Plus why 2018 spells trouble for Big Tech, Tyler Cowen and Ben Zycher on solar power, and a review of “Fire and Fury.”