McKinsey: Consumer demand growth is critical for productivity and investment

Productivity. That's an all-important yardstick for measuring the value of goods and services workers can produce in any given time period. And growth in productivity is key in raising income and living standards. But, in the US, productivity growth has flagged in recent years. And that has economists worried. A recent study by consulting group McKinsey gives reason not to worry -- but only if the government supports policies that bolster consumer demand.
Secular stagnation
Here's the big issu...

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