This video is a pretty good summary of the new headwinds the economy is now in, especially the first half before he gets too political and it turns into a rant.
But his analysis of the obstacles to hiring and the looming stall in the economy are spot on. Our lack of economic growth in this “recovery” is in stark contrast to all other past rebounds. We’ve averaged about 2% growth since 2009, while in the 80’s recovery under Reagan we were around 6%.
Incentives matter.
