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Macro Musings with David Beckworth
The New Bazaar
Why Are We in This Productivity Deep Slush Right Now?
The U.S. has had anemic levels of immigration into the United States for four to five years, he says. The productivity decline is even worse than inflation and goes back much further in history, Obama adds. "I was more optimistic that as horrible as the pandemic period was ... we were learning new ways to work," White House official says.
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