When did Americans decide that 1% or 2% economic growth is acceptable, that puny wage increases are inevitable, and that we should all merely shrug and get used to the country’s diminished expectations? Those questions come to mind watching the desultory reactions to Thursday’s report that the U.S. economy grew by a meager 0.5% in the first quarter of 2016.
No worries, mate. Isn’t the first quarter always lousy? We’re told the job market is strong enough, growth will perk up the rest of the year, and the Federal Reserve…
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