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Sunday, May 26
The U.S. economy may suffer from high unemployment, mediocre productivity gains and stagnant...
The U.S. economy may suffer from high unemployment, mediocre productivity gains and stagnant earnings for households, but George Mason University's Tyler Cowen provides five indicators that "the future is starting to brighten." These are: an increase in high-school graduation to 78% in 2010, the most since 1974; the falling cost of further education; slowing healthcare inflation; the "new era of cheap energy;" and the increasing ability of innovators around the world to supply new technology to the U.S.