Economy is growing for the last 15 months. The president top economy advisor, Austin Goolsbee, said we need faster growth to bring unemployment down quickly. If two present growth is not enough, what is?
To figure this out we need to evaluate how productive are the people that do have jobs. productivity is the rate of growth in which companies are evolving to get more product from fewer people. Right now productivity is at four percent rate; We need to get to four and a half percent. One way to do that is to export more. This is a problem because other countries want to do the same. It's not possible for everyone to export more. Some think it's not enough and that we need more domestic spending.
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