The US economy: An agenda for inclusive growth by James Manyika, Gary Pinkus, Sree Ramaswamy, Jonathan Woetzel, Scott Nyquist, Arvind Sohoni published by McKinsey (11/2016).
The US economy, for all of its innovation and resilience, has been weighed down by stubbornly weak growth and a productivity slowdown. Most households experienced real income declines in the past decade. Although the picture has brightened in recent months, long-term risks remain. This is a moment to consider how to accelerate and sustain growth while making it more inclusive. The United States needs to regain its dynamism—and the sense that everyone is advancing together. This can take many forms: re-engaging more workers in the labor force and improving their mobility, fostering new business formation and healthy competition, and helping declining cities reinvent themselves. While we do not make specific policy recommendations, this research shows how targeted action and investment in five areas could create substantial impact, potentially raising real GDP growth to 3.5 percent per year over the next decade.
