Opportunities and problems in this decade

Article Abstract:

The US economy has been faced with increasing medical costs and reduced savings as well as declining national bank loans. However, export trade has doubled in the last thirty years which may bring economic benefits from foreign investment and increases in the dollar value. The medical crisis shows no sign of controlling its own costs so legislative reform is likely to reduce the burden on discretionary income and government finance. Individual savings has been translated into pension funds and real estate assets, but investment rates must increase if the US is to be internationally competitive.

Banking industry, Savings, Medical care, Cost of, Health care costs

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A decade of despair or of opportunity

Article Abstract:

The 1990s have begun with reduced economic activity and increased job losses encouraging negative perceptions of the US' economic state. However, though jobs have not been created, efforts by corporations to increase efficiency through reorganizing resources have resulted in a 2% annual productivity gain when less than 1% has been standard. Continued growth will only be possible if the labor supply is better educated and given better tools necessary to make the US competitive in the international market.

Analysis, Economic development, Education

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Will these productivity gains be sustained?

Article Abstract:

The productivity gains experienced in 1992 were probably caused by a combination of employers keeping under-utilized workers through the recession and the efficient use of new technologies. Many employers have streamlined their production, so more gains from layoffs and downsizing are unlikely. However, the gains from new technologies should continue for at least the next 15 years. Hourly earnings after inflation should improve by 2000 but a doubling in purchase power by the next generation is unlikely.

Economic aspects, Technological innovations, Industrial productivity

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