Economic Tidbits

Hmmm…

“Americans have adapted to huge economic transitions before. In 1900, some 40 percent of Americans toiled in agriculture. Today farmers account for 1 percent or 2 percent of workers, but they grow much more food. Between 1948 and 2017, U.S. agricultural output tripled while the number of hours worked plunged more than 80 percent.” Robert Zoellick, The Biden-Trump Economy of Nostalgia, Wall Street Journal, April 1, 2024.

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