The Scariest Economic Chart You've Never Seen
The U.S. Chamber of Commerce Foundation reads the Internet so that you don’t have to, sharing a short list of curated blog posts for your Friday reading.
The scariest chart you’ve never seen shows America’s output loss from the Great Recession totaling upwards of $14 trillion.
Jim Pethokoukis thinks the number is closer to $30 trillion.
Political dysfunction and the uncertainty it caused appears to have made the Great Recession worse than it would have been. Here’s Stan Veuger and Daniel Shoag:
Our baseline results suggest that if uncertainty levels in all states had been at those of the five states facing the lowest levels of uncertainty in 2009, that would have been associated with a national unemployment rate that was 1.4 percentage points lower.”
3 reasons why the U.S. labor force keeps shrinking.
While the tech world experiences a notable amount of churn, the list of top tech hubs in which many of them are based remains surprisingly stable. Here’s Richard Florida’s conclusion:
Place is the real constant in high-tech industry. It is place that brings together the institutions, capital, and talent required to build dynamic entrepreneurial firms and disruptive industries.
Is technological progress a thing of the past?
How American schools are failing kids.