Saturday, June 29, 2013

How Much Does Regulation Knock Off of Growth?

New research by Dawson and Seater indicates that the amount is huge.

They estimate that the real GDP growth rate was reduced by 2% per year.

Compounding since World War II, they estimate that per capital real GDP in the U.S. is over 70% lower than it would be otherwise.

How do you feel that you should expect to be graduating and finding a first (real) job at $30K/yr instead of $100K/yr?

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