- 14,893
- 36,068
The AP ran a very similar article last week titled "Why the Recovery is A Myth" I sat on it in order to unleash the fade on Rusty when I was ready. But I guess you've beat me to the punch.
I highly recommend readingnthe executive summary of the Gallup report. It actually agrees with a lot of points Rusty has previously made, the most important being that cost-to-quality ratio in housing, healthcare, and education is the main factor of growth slowdown. In other words, these three areas of our economy are too expensive and are negatively affecting our living standards, and ultimately the GDP.
Deterioration in the quality-to-cost ratio for healthcare, housing and
education is dragging down economic growth.
After spiraling price increases, these sectors accounted for 36% of total
national spending in 2015, up from 25% in 1980. These sectors account
for most of measured inflation over the period, and without inflation in those
sectors, real annual GDP per capita growth would have been an estimated
3.9% instead of 1.7%.
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