Heterodox
Perfect follow-up to Dean’s earlier commentary “Declining population and diminished national power is bad news?” which I also posted at Angry Bear. In Dean’s earlier commentary, he makes a point of declining population not being a big issue. Decreasing productivity would be a far bigger issue except it is not an issue in the US. The numbers of older people are increasing in the US. As Dean points out, “If wage growth moves in step with productivity...
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