What’s (not) up with productivity growth, part 1: Why this key variable is slowing across advanced economies

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Source: Jason Furman, Council of Economic Advisers Off the top of my head, I’d say we’ve got five big economic problems:

1. High levels of income inequality and low economic mobility;

2. Large swaths of households/neighborhoods/countries facing stagnant or eroding living standards and severely constrained opportunities;3. Persistently slack job markets;4. Some really bad policy responses to the above;5. Slowing productivity growth.I don’t mean to be that guy — the downer economist — and am fully capable of coming up with positive attributes as well, especially for the U.S. economy. It has shown itself to be exceedingly resilient in the face of […]