Theory 4: High Healthcare and Other Labor Costs http://www.cfr.org/competitiveness/healthcare-costs-us-competitiveness/p13325 General Question:
Many economists believe there has been a noticeable decline in the
growth of the US economy over the past few decades.
This article provides some background of the problem from one of
President Trump’s policy advisors:
https://webfiles.uci.edu/navarrop/public/article%20hyperlinks/Restoring%20American
%20Prosperity.pdf?uniq=-nuohuh Of course, Navarro and Hubbard’s article is not comprehensive. The
evidence of the US growth slowdown, the causes, and the solutions to
the problem they identify are not the only factors that concern
economists. Indeed, there are many theories as to why the US
economy is slowing.
In your question, you will focus on one factor that economists have
suggested might have caused the slowdown of growth in the US.
Your factor is______________.
Here is what you need to discuss in your answer: about 500 words
each questions.
•
Explain why __________ might have been responsible for the
slowdown in growth over the last generation.
•
What evidence suggests that ________was an important cause of
the growth slowdown?
•
What evidence suggests that ________was not an important cause
of the growth slowdown?
•
Assuming that ________ is indeed a factor of the growth slowdown,
what policy would you suggest to increase growth?
Thoroughly expound on all four of these points in your answer.
Here is a source for you to begin to investigate this question. You
should find more sources. Your sources should be “scholarly.” Journal
articles are best. Works produced by “think tanks” (Cato, Economic
Policy Institute, Center on Budget and Policy Priorities, and American
Enterprise Institute, for example) are adequate if they are written as
academic literature and not as opinion or advocacy pieces. Opinion
articles written for newspapers or other similar outlets can be fine if
the author is a known economist. (Something written by Greg Mankiw
or Paul Krugman would work, but something written by George Will or
Thomas Friedman generally would not.) Your assigned theory is accompanied by at least one scholarly article
(or near scholarly article) that describes it. This is to get you started.
You can, and should, find more sources

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