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Technology-driven economic growth no sure thing
January 18, 2016 /
The superstructure of modern societies rests on an assumed pillar of fast economic growth. People feel that they’re getting ahead and that the collective needs of government can be met without crushing tax increases. If Gordon is right, the future will be more contentious than the past, because the rising incomes that make the process work won’t be rising very rapidly. There will be more emphasis on income redistribution. The competition for scarce funds will intensify, as will (presumably) frustration and disappointment.
By Robert J. Samuelson
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Posted in: Regional Business News
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