Theusual suspects — globalization, automation and the shift to serviceindustries — have all been picked over. So let's try to considerthis in terms of historical shifts. I have 4 theories worthexploring. (Photo: Shutterstock)
(Bloomberg Opinion) –Which of these two scenarios describes theU.S. economy?
No. 1. The economy is better than ever: Thestock market is near a record high, wages are rising, there aremore job openings than applicants, household wealth has hit arecord, gross domestic product is growing briskly, house valueshave recovered from the bust, and consumer confidence is back — andso is America!
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