I recently overheard two business leaders saying the slow pace of economic recovery would impede their quarterly results. I concur with their assessment, but focusing on the rate of economic recovery is similar to looking at an iceberg; only 10 percent is visible. The other 90 percent is hidden below the surface.
The latest prolonged recession intensified the push for U.S. productivity gains.
Each day, the headlines are filled with r e c e s s i o n – r e l a t e d news. Some predict a pending recession, while others outline pre-emptive actions of the Federal Reserve, Congress and the president. During the 2000-2002 recession, Indiana did not perform well. Indiana lost more jobs than the national average, and its recovery lagged behind the nation’s. In fact, Indiana’s jobs still have not recovered to the pre-recession level. If…
