The economy cannot grow more than 1.5%

 

We cannot redistribute wealth if we are not producing it. 

Productivity growth of the non-farm business sector is zero percent over the past twelve months according to the latest data (see chart, click to enlarge it). The country cannot grow more than 1.5% with this level of productivity.

This is a very important aspect of the US economy totally ignored by the administration and by economists.

More details in The Peter Dag Portfolio on www.peterdag.com

George Dagnino, PhD
Editor
The Peter Dag portfolio
Since 1977

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