Monday, August 8, 2011

Can Politicians Deliver What American's Want?

link here to article

This article argues that Americans want change that its politicians can't deliver. America's shrinking share of global output is the problem. It has been obscured by the huge entry of women into the workforce which supplemented the loss of male income. It also depended upon debt fueled consumption that reached a peak prior to the financial crisis. The implication is that a shrinking share of global output eventually means that US living standards cannot grow at the pace that Americans would like.

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