The final guest lecture for the semester was from Dr. Mark G. Dotzour. He discussed his views on job growth and the economy. He highlighted that 3 things make up the economy: the consumers, businesses, and the government. He stated that American consumers have the highest spending pattern in the world and this is what drives the American economy.
Dr. Dotzour said something that particularly interested me. He said that if you own real estate or stocks, your net worth has increased, but if you don't, the recession never really ended for you.
He also mentioned some indicators that may cause concerns with the economy and job growth. for example, the uncertainty in the cost of healthcare and affordable care act will affect the decisions made by businesses. However, there are a lot of companies moving manufacturing to America and there are about 4 million jobs available. The issue on ground is the lack of skilled labor to occupy these vacant positions
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