Is the state of the U.S. economy operating at a new norm-if so, what is causing it?
By Rich Andersen, VC for Programs, Pickens County Republican Party
This is the topic for the Pickens County Republican Party’s September 10, 2013 meeting to be held at the Appalachian Campus of Chattahoochee Technical College at 7 p.m. The speaker is Dr. Don Sabbarese, Professor Emeritus of Economics at Kennesaw State University.
Considering the high unemployment rate and the anemic state of the U.S. economy, the possibility that this is a new norm is disturbing.
Many external factors may be having a negative impact on the U.S. economy. Many of the Eurozone economies are struggling to escape their continued economic malaise, and the emerging economies of China, Brazil, Indonesia, and India are experiencing slower growth rates
In the U.S., unemployment remains high at the same time some high-skilled jobs remain unfilled due to a lack of qualified candidates. In addition the Affordable Care Act (Obamacare) is causing some employers to change some full-time jobs to part-time jobs. Data show that an unusually disproportionate percentage of the new jobs created in recent years are part-time. Some feel that governmental regulation may also be inhibiting job growth. Real wages (adjusted for inflation) have fallen for several years. These factors may be contributing to an already weak economic recovery
Are there ways to limit some of these economic headwinds and create more tailwinds for economic growth? Dr. Sabbarese will discuss how, given the right political environment, there are economic solutions in the form of tax, entitlement, and regulatory reform.
Dr. Donald Sabbarese specializes in the area of macroeconomics and financial institutions. He is Professor Emeritus of Economics and Director of the Kennesaw State University’s Econometric Center where he directs the Georgia Purchasing Managers Survey, Southeast Regional Purchasing Managers Survey, and the Georgia International Business Index. Other research includes studies of the local and regional economy, industry surveys, economic impact studies, tax revenue forecasting, and research on forecasting regional economic conditions. He serves as a member of the Board of Directors, ISM-Atlanta. He served as Director of the Graduate School of Banking for Community Bankers. His work at the Econometric Center has been reported by local, regional and national media.
Everyone is invited to hear Dr. Sabbarese discuss this important topic that affects us all, and get an impression of what the future may hold.