We would see lower levels of investment, lower economic growth, and as a result, lower wage gains.
More Quotes from Edward Lazear:
We are moving into that phase where we expect that wage growth will catch up and take productivity over.Edward Lazear
It would be a significant problem and it would move in exactly the wrong direction.
Edward Lazear
If you look at the housing market and say, are housing prices going up where job growth is high, where wage growth is high, where demographic movement brings people into the housing market All of those things seem to be true.
Edward Lazear
It is a little surprising given the strength of the economy that there is a perception - at least among some of the public - that the economy is not very good.
Edward Lazear
Over a longer period of time, it would be a significant problem.
Edward Lazear
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