Wednesday, September 21, 2016

Laura Tyson and Anu Madgavkar — The Great Income Stagnation

Stagnating or falling real incomes do not just act as a brake on consumption demand and GDP growth; they also fuel social and political discontent, as citizens lose confidence in existing economic structures.
Project Syndicate
The Great Income Stagnation
Laura Tyson, former chair of the US President's Council of Economic Advisers, is a professor at the Haas School of Business at the University of California, Berkeley, a senior adviser at the Rock Creek Group, and a member of the World Economic Forum Global Agenda Council on Gender Parity, and Anu Madgavkar is a McKinsey Global Institute partner.

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