Japan's growth is stunted because its population is shrinking. U.S. growth is stunted because much of our population growth is in groups that are not productive.
U.S. growth is stunted because much of our population growth is in groups that are not productive.”
Well, I think that much of our population growth is in groups that will be relatively less productive than the average of the previous three or four generations so I think we agree except with my calling this a “demographic” problem.