What Matters More--The Productivity Slowdown Or The Inequality Increase?

What Matters More--The Productivity Slowdown Or The Inequality Increase?

The Economic Report of the President was released today.  Influenza A virus subtype H5N1 friend draws my attending to Table 1-3 on page 34, which presents several historical counterfactuals.  It finds:

1. If productivity growth had non slowed subsequently 1973, the median work solid would convey $30,000 of additional income today.

2. If income inequality had non increased subsequently 1973, the median work solid would convey $9,000 of additional income today.

So, which is the bigger problem? (Of course, neither has an like shooting fish in a barrel solution.)
Sumber https://gregmankiw.blogspot.com/
Blogger
Disqus
Pilih Sistem Komentar

No comments

Advertiser