, Columnist
Innovation Falls, and Retirees Pay the Price
An aging population becomes risk averse, just when it should gamble on higher productivity.
If you're hoping to retire with more than a pocket watch and a "thanks for your service" ...
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Growth-wise, the world seems to be in a little bit of a rut.
Oh, sure, we’re OK. We just don’t seem to be going much of anywhere. Global production has recovered somewhat since the catastrophe of the financial crisis, but it didn’t bounce back entirely. Instead, we’re staggering along at a noticeably lower rate of growth, both abroad and at home.