Author: Sam Walker
Anemic growth, millennial malaise, you name it - blame a lack of inspiring bosses.
In 2018, the U.S. economy benefited from historically low unemployment, brisk spending, an aggressive tax stimulus and hordes of game-changing advancements in technology. This singular combination of tailwinds yielded a growth rate of 2.9%.
That’s not terrible, especially compared with many wheezing economies abroad, but it’s not even in the ballpark of historic highs.
For the better part of three decades, economists have worn out their chalkboards trying to map a path back to the glory days of 7% growth. So far, the only point they agree on is that we must be doing something wrong.
Here’s a crazy idea: What if it’s something simple? What if companies could fix the problem by hiring better middle managers?
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