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Chair Schweikert warns population trends could limit U.S. economic growth
Summary
At a Joint Economic Committee hearing, Chair Schweikert said demographic shifts — including very low fertility and minimal population growth — are a central fragility for economic growth, citing preliminary annual population growth of about 400,000 and a fertility rate of 1.59.
Chair Schweikert opened a Joint Economic Committee hearing by saying the panel is trying to craft "a unified theory of economic growth" that ranges from regulatory reform and technology adoption to workforce development.
"The one fragility ... is population and skill sets within the economy," Schweikert said, arguing that demographic factors are as important as regulatory and technological policies…
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