Economy Goes From Bad to Worse
Dean Baker writes for Truthout: "The fact productivity growth has now slowed is a very bad sign. It means the economy is not doing well by any measure. The argument for conservative economic policy was always that by giving people more incentive to work and invest, productivity would grow more rapidly, and that this would benefit everyone in the long run. It turns out, even with the massive upward redistribution of income over the last quarter century, productivity is now growing at its slowest pace in the post-war period."
https://www.truthout.org/docs_2006/080607F.shtml
https://freepage.twoday.net/search?q=Dean+Baker
https://www.truthout.org/docs_2006/080607F.shtml
https://freepage.twoday.net/search?q=Dean+Baker
rudkla - 6. Aug, 23:40
