From the “Wall Street Journal” today:
“Digitization isn’t the only factor economies could embrace to unlock productivity growth. The report calls for policies to encourage education, businesses investment and the purchasing power of low-income consumers.
Rising income inequality since the mid-2000s has been a constant, if moderate, drag on demand, according to the report. If income distribution today were at the same level as in 1985, it says, U.S. consumption would be about 2.5% or $460 billion higher.”
