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Defying the Odds

Defying the Odds
New book about the 2016 election.

Friday, May 27, 2016

Productivity, Politics, and Populism

Sam Fleming and Chris Giles report at The Financial Times:
Productivity is set to fall in the US for the first time in more than three decades, raising the prospect of persistent wage stagnation and the risk of a further populist backlash.
Research by the Conference Board, a US think-tank, also shows the rate of productivity growth sliding behind the feeble rates in other advanced economies, with gross domestic product per hour projected to drop by 0.2 per cent this year.

The data highlight both the fragility of global economic prospects and pressures on blue-collar workers, who have rallied in large numbers to the anti-establishment message of Donald Trump, the Republican presidential candidate.