{"id":47890,"date":"2015-01-15T16:00:34","date_gmt":"2015-01-15T16:00:34","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/wsj_declining_population_could_reduce_global_economic_growth_by_40\/"},"modified":"2015-01-15T16:00:34","modified_gmt":"2015-01-15T16:00:34","slug":"wsj_declining_population_could_reduce_global_economic_growth_by_40","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=47890","title":{"rendered":"(WSJ) Declining Population Could Reduce Global Economic Growth By 40%"},"content":{"rendered":"<p>Declining population growth that shrinks the pool of available labor over the next 50 years will reduce by 40% the rate of growth in global economic output for the world\u2019s 20 largest economies compared to the past 50 years, according to a new study.<\/p>\n<p>The report from the McKinsey Global Institute says that to compensate for the drop in the growth of the labor force, productivity needs to accelerate 80% from its historical rate to keep global growth in gross domestic product from slowing.<\/p>\n<p>Over the past 50 years, global growth increased six-fold, and average per capita income nearly tripled. McKinsey researchers estimate that around half the increase stemmed from gains in productivity and half from the growing labor force.<\/p>\n<p><a href=\"http:\/\/blogs.wsj.com\/economics\/2015\/01\/14\/declining-population-could-reduce-global-economic-growth-by-40\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Declining population growth that shrinks the pool of available labor over the next 50 years will reduce by 40% the rate of growth in global economic output for the world\u2019s 20 largest economies compared to the past 50 years, according<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=47890\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,175,101,149,168,119,98,34],"tags":[],"class_list":["post-47890","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-anthropology","category-children","category-economy","category-ethics-moral-theology","category-globalization","category-marriage-family","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/47890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47890"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/47890\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}