The U.S. Economy Is No Longer Competitive, Says Harvard Business Alumni
What’s wrong with the United States’ economy? Ask a Harvard graduate and the answer would most likely describe the loss of the country’s competitiveness, especially against emerging Asian economies.
In a survey of 10,000 Harvard alumni, which incorporates the opinions of global executives in leadership and decision making roles, 71 percent of respondents expect U.S. competitiveness to weaken over the next three years, mostly because of the inability of U.S. firms to pay high wages and benefits.