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What is economic growth and why does it matter?

The Real Story

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Can the US Continue to Grow?

Real wages have hardly increased in the last few decades, and that of course has created a certain inequality. The question is, can you carry on growing as an economy, identity, and item, if you like, even with those rates of inequality? If you compare countries across, and we spoke about Scandinavia before, you don't immediately necessarily see huge difference in terms of the growth pattern. But the concern that various economists have is that if this inequality continues over a period of time, then you have social tensions that are created.

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