Letters to the Editor

July 31, 2014

More to be done to help middle class

A recent Wall Street Journal article reported that corporate CFOs expect capital investment to increase to 9.3 percent of gross domestic product over the next year. This compares with 5.2 percent of GDP during the past five years, which was lower than the average of 6.5 percent in the past half century and resulted in 1 percent lower productivity growth than normal. Economists agree productivity growth is indispensable to economic growth and increasing people's standard of living.

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