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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