The Productivity Perplex
IS AMERICA in decline? To listen to most commentators, one .would think that there is no longer any question about it; an out pouring of books, articles, and speeches proclaims our descent. Problems such as drugs, crime, educational failures, and a low savings rate combine with our persistent trade and budget deficits to support these proclamations. According to a recent Harris poll, most Americans believe that our nation is on the way down.