

A cut above the West: America’s astounding economy
7 snips Apr 18, 2023
Simon Rabinovich, the US economics editor for The Economist, discusses the surprising resilience of the American economy despite political woes. Mark Johnson, the education correspondent, critiques the high cost of higher education, arguing the wrong degree could leave students worse off. Stephanie Studer dives into the pressing issue of book censorship, highlighting the ongoing battles for literary freedom globally. Together, they reveal how these threads connect to broader societal challenges and the importance of balancing education with economic realities.
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America's Paradoxical Economy
- American politicians agree that the economy is broken, but America remains the world's richest big economy.
- This unrecognized success, fueled by political rhetoric, may hinder future growth.
US Economic Outperformance
- America's GDP share has remained stable, while other G7 nations have declined.
- America's GDP is almost 60% of all G7 nations combined, showcasing its economic strength.
Drivers of US Economic Growth
- The US economy thrives due to workforce size and worker productivity.
- Higher fertility rates and immigration contribute to workforce growth, outpacing other developed countries.