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Economic Trends

Economic Trends

Under current trends, prospects are for continued economic stagnation, as demonstrated in the predictions of the unemployment rate by the Congressional Budget Office.  The following figure shows the CBO’s predictions as issued in 2009, 2010, 2011, and 2012.  Each year the unemployment rate is predicted to stabilize at a higher level of unemployment, and at a later point in time.  In no event is it predicted to return to a level close to that of the year 2000, which may be argued to be a “full employment” rate.  To the contrary, the predictions are for chronic unsatisfactory levels of unemployment, and even these predictions so far have been a constantly-receding mirage. 

Source: Economic Policy Institute, State of Working America 2012

Based on the historical relationship between the unemployment rate and family income, real family income is predicted to go nearly flat at levels substantially below those of the year 2000, as described in the following Figure:

Source: Economic Policy Institute, State of Working America 2012

News and Events

May 15, 2014, Ontario, CA - MIAA's founder, Jim Stuber, delivered the keynote address at the 20th annual World Trade Conference sponsored by the U.S. Department of Commerce and the California Inland Empire District Export Council in Ontario, California.  To view the conference agenda, click here:

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May 7, 2015, Radnor, PA.  MIAA's founder, Jim Stuber, appeared as the guest of host Richard J. Anthony, Sr. on The Entrepreneur's Network TV at Radnor Studio 21.  The program featured a discussion of the problems caused by offshoring manufacturing and white collar jobs and how consmers can solve the problem with their spending decisions. 

Studio 21 has made the program available for viewing here:

https://youtu.be/UIOwBD6-1pk

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