| Summary/Abstract |
In every single region of the world, economic growth has failed to return to the rate it averaged before the Great Recession [1]. Economists have come up with a variety of theories for why this recovery has been the weakest in postwar history, including high indebtedness, growing income inequality [2], and excess caution induced by the original debt crisis. Although each explanation has some merit, experts have largely overlooked what may be the most important factor: the global slowdown in the growth of the labor force
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