The Dream of the 90's, Part II: Clear Eyes, Full Employment, Can't Lose
For decades, “jobless recovery” has been a watchword in the aftermath of each recession. But in the 1990s—and today—we saw a fully recovered labor market.
For decades, “jobless recovery” has been a watchword in the aftermath of each recession. But in the 1990s—and today—we saw a fully recovered labor market.
"The Dream of the 90's" examines the macroeconomic conditions that led to strong growth in the late-1990s and what policies can revive that productivity growth today.
The productivity data is messy and often should not be taken at face value. Our "Cautious Case For Productivity Optimism" in the summer of last year...