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Wednesday, July 13, 2011

NPR: What The 'New Normal' Means For Americans

From the NPR story ...to listen click title ...

...
And the heart of the problem is job creation. Crescenzi and his colleagues argue that the U.S. economy could actually grow 2 percent a year without adding any new jobs. That's because the productivity of current workers is rising at about 2 percent a year.
"In other words a company can produce 2 percent more goods and/or services a year even if it doesn't increase the number of people it employs," he says. ...

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