This week's IGM European Economics Experts Panel statements:
A) Freer movement of people to live and work across borders within Europe has made the average western European citizen better off since the 1980s.
B) Freer movement of people to live and work across borders within Europe has made many low-skilled western European citizens worse off since the 1980s.
Keyword: productivity
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This week's IGM European Economic Experts Panel statement:
On the whole, the shift from state to private ownership of many industrial assets in central and eastern European countries after communism has increased productivity in those countries.
This week’s IGM Economic Experts Panel statements:
A) If the federal minimum wage is raised gradually to $15-per-hour by 2020, the employment rate for low-wage US workers will be substantially lower than it would be under the status quo.
B) Increasing the federal minimum wage gradually to $15-per-hour by 2020 would substantially increase aggregate output in the US economy.
This week’s IGM Economic Experts Panel statement:
Future innovations worldwide will not be transformational enough to promote sustained per-capita economic growth rates in the U.S. and western Europe over the next century as high as those over the past 150 years.
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