BITO - Biden Administration Needs To Focus On The Supply Side

• Labor force productivity has been falling off for years, and this has had a major impact upon the growth of the economy, which only provides more problems for the Fed.
• The Biden government needs to shift its focus from stimulating the demand side of the economy and giving more attention to the supply side.
• This is doubly important because with the value of the U.S. dollar becoming so strong, U.S. business needs more help from the supply side to remain competitive in the world.
• Also, focusing on labor force productivity will result in an increase in the labor force participation rate, a number that has also been falling in recent years.
• Having a strong dollar and a strong, highly productive economy will keep the United States in a strong position worldwide.

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