Reallocation Within an Industry: A Secret Strength for the US Economy

Blog: Conversable Economist

Abstract

It would be nice if the processes of economic growth were well-mannered: for example, if it benefited all workers and industries and groups equally–or perhaps with some additional benefit for those with lower incomes. But of course, growth isn’t a neat process. As technology and tastes evolve over time, some firms do better, some industries … Continue reading Reallocation Within an Industry: A Secret Strength for the US Economy
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