internet and U.S. unemployment

Many Things Are Depressing U.S. Job Creation, and Some Are Paradoxical

September 20, 2011

One reason for investor euphoria in the latter 1990s about long-term U.S. economic prospects was a pick-up in productivity growth, that is output per man-hour worked.  Productivity tends to be a predictor of future changes in the standard of living, and so equity markets enjoyed an impressive rally in the years before 2000 when America’s […] More