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Noah Smith: U.S. GDP and productivity outpace Europe’s levels
Noah Smith, columnist / economist at Bloomberg Opinion, highlights that in terms of GDP, disposable income, and consumption, the U.S. is well ahead of Europe.
Smith also points out that U.S. output per hour is increasing at a much faster rate than in Europe.
Smith has previously argued that American Airlines should be absorbed by rivals to benefit stronger U.S. carriers. He has also contended that adequate funding for the U.S. welfare state requires taxing millionaires, not just billionaires. Smith’s recent comments continue his focus on major economic questions facing the U.S. economy.
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