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Keynes Is Dead, Abenomics Fizzles, US Fails to Reach Escape Velocity, Stimulus Fatigue

MishTalk

Economist Andy Xie has an interesting article in CaixinOnline that contains his views on 2014. The chances are that the global economy, weighted by nominal GDP at current exchange rates, will grow at 2 percent Globalization, turbo-powered by information technology, has cut short the feedback loop between demand stimulus and supply response.

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Paying Skilled Workers More Would Create More Skilled Workers

Harvard Business

Nevertheless, few would argue that information technology permanently increased unemployment. The labor force adjusted to a new technology replacing an older one.

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The H-1B Visa Debate, Explained

Harvard Business

It has benefited the tech industry enormously, and other sectors, including health care, science, and finance, have also used it to fill gaps in their workforces. In 2008 Bill Gates testified before Congress to advocate for more H-1B visas to help compensate for “a deficit of Americans with computer science degrees.”