Friday, October 13, 2017

The most doom-y quote you're gonna read today

Via the New York Times' David Leonhardt: 
By 2019, G.D.P. per working-age adult is likely to be only 11 percent higher than when the crisis began (barring an unexpected growth surge or a recession). That’s a miserable growth rate over an extended period. Yes, the economy has done fairly well for last year or two, but not nearly well enough to make up for the long slump, especially because growth was also mediocre in the early 2000s. No wonder so many Americans are angry and frustrated.
I have no answers, only more questions.  

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