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Detailed text transcripts for TV channel - CNN - 20170618:17:41:00

You have a very powerful counter argument. explain what it is. yeah. my basic argument is that two drivers of economic growth, one is your increase in the number of people working, and two is the productivity of these people. and people really by the way, that s a fact. that s a fact. this is like an economic equation. how many people how many people you have work and how productively they work. yes. and i think that s the point. that half the story has to do with demographics. america and the world s demographics have changed very significantly over the past decade or so. that america s population growth, particularly the working age population growth between 15 to 64, that growth rate has fallen very sharply. it s in fact growing at half the pace as it was for much of post war history. so my point is the main reason the global economy and the u.s. economy grew so rapidly in the post world war ii era was because of the baby boomers, was because we had an unusual ....

Counter Argument , Saving Grace , United States , Population Growth , Growth Rate , Baby Boomers , Post War History , World War Ii ,

Detailed text transcripts for TV channel - CNN - 20170618:14:41:00

Are going to achieve at least 3% growth, maybe even 4%. you have a very powerful counter argument. explain what it is. yeah. my basic argument is that two drivers of economic growth, one is increase in the number of people working and two is the productivity of these people. and people really by the way, that s a fact. that s a fact. this is like an economic equation. how many people how many people you have work and how productively they work. yes. and i think that s the point. that half the story has to do with demographics. america and the world s demographics have changed very significantly over the past decade or so. that america s population growth, particularly the working population growth between 15 to 64, that growth rate has fallen very sharply. it s in fact growing at half the pace as it was for much of post war history. so my point is the main reason the global economy and the u.s. economy grew so rapidly in the post world war ii era was ....

Counter Argument , Saving Grace , United States , Population Growth , Growth Rate , Post War History , World War Ii ,