In article , Ed Huntress
says...

This is no longer an ideological issue. Most of the "conservative" economic
sources, ranging from Bus. Week to the WSJ to The Economist, have agreed on
these points within the last few weeks. The rough consensus is that our
equilibrium unemployment rate probably will have to be raised by one point,
due to trade imbalance and productivity increases combined, and that it will
take GDP growth of over 4% just to stand still in terms of jobs.

The question is, can the gdp grow that much, when the
domestic market is shrinking from loss of wages?

Jim

==================================================
please reply to:
JRR(zero) at yktvmv (dot) vnet (dot) ibm (dot) com
==================================================