NPR: What The 'New Normal' Means For Americans

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

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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. ...

#NPR : What The 'New Normal' Means For Americans #2011