2/14/15

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.

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George Dagnino, PhD
Editor
The Peter Dag portfolio
Since 1977

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