February 2014 Longbrake Letter
In this month’s letter, Bill Longbrake examines the supply side of the economy which determines in the long run how fast the economy can grow. While prospects for “good”, not “great” growth are favorable in 2014, long-term growth potential is declining because of falling employment participation and faltering investment and productivity. In addition to providing updates for key economic variables, Bill discusses proposals to deal with income inequality and specifically addresses the merits of raising the minimum wage rate.
To read this month's letter, click here.
To read past issues, click here.