America and the Complacent Class | WYPR

America and the Complacent Class

Apr 28, 2017

Credit Joshua Davis/Unsplash

For years, Americans have wondered why the U.S. economy hasn’t been expanding more rapidly.  Since the end of the Great Recession, economic growth has averaged only about two percent per annum and has yet to achieve three percent rate in any given calendar year.  Economists have put forward all kinds of explanations ranging from the dislocating impacts of technology to global trade and the retirement of Baby Boomers.

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