US Economy – Muscular or Obese? YaleGlobal. David Dapice. August 16, 2012.
The U.S., with great potential for economic growth, still could rescue the dragging global economy, the country’s energy development, agricultural output, steady labor force, and education programs all offer promise. But the U.S. has immediate challenges, argues Dapice, including rising inequality and high youth unemployment rates. Young workers often bring innovations to workplaces, and without them, quality and skills of the labor force could suffer. Inequality, lopsided government spending and heavy borrowing, and delayed infrastructure maintenance pit rich against poor and young against old. Politicians fail to enact regulations or reforms, spurred by a few wealthy industries and political donors willing to invest millions to pursue their narrow interests, says the author. [Note: contains copyrighted material].
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