National Bureau of economic research, the US called the condition, which will raise the country’s GDP to a level that was before the great recession of 2007-2009. About the study of American economists according to the publication Quartz.
The cause of the fall of the country’s GDP, scientists see the reduction in labour resources due to the General aging of the population and rising unemployment. If earlier, GDP growth was maintained by increasing the quality of education of workers and the next after that growth of labour productivity, by this time, as shown by scientists such mechanism has been exhausted.
Economic growth is, as noted by the authors, three main factors: capital, labor and technology. GDP growth is associated with the stimulation at the same time all the factors, but only to some extent.
Currently, scientists in the us economy enough qualified human resources and many are uneducated and unemployed. Increasing the level of education of the latter, according to scientists, will lead to significant growth in GDP, therefore such labour is reasonable to use in their current state.
Economic growth stimulates, according to scientists, the creation of new markets that will generate a job for unskilled labor. The most important factor in this process, the authors of the study see efficient use of capital.
It is the capital, and also stimulation of the level of education has allowed the country’s GDP to grow after the Second world war. This way, according to economists, is now ineffective, and the country needs to follow the example of China, which effectively involved in the economy a large number of low-skilled labour.
