hardnox
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02-09-2018
08:20 AM
3% growth
Good piece from Dean Baker. The tax cuts won't contribute to 3% growth but that doesn't mean it won't happen. Nobody has done a very good job of predicting growth and the effects of the new tech revolution are unknown.
As he says, there are two components- labor force growth and productivity.
Labor force does face a demographic headwind and the current immigration attitude also would present a drag (oh nevermind).