The single most important explanation for persistently high U.S. unemployment and stagnant...

|By:, SA News Editor

The single most important explanation for persistently high U.S. unemployment and stagnant wages, according to David Malpass and Stephen Moore: For the first time in decades, America is, on net, losing, not attracting, growth capital. The U.S. has lost at least $200B in investment capital since mid-2009, the equivalent of ~2M jobs that are now located in places like China and India.