Economic Advice for Trump: Gregory Mankiw

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N Gregory Mankiw, Advice for Trump: Ask an Economist; The new president should appoint professional advisers, and then listen to them. New York Times, Mar 13, 2017 (in the Economic View column of the SundayBusiness section).
https://www.nytimes.com/2017/03/ ... conomists.html?_r=0

Quote:

"Future growth is likely to be modest [which is the sectional heading]. * ** One cause is demographic [women joining work force have peaked; Trump disfavors immigration]. * * * A second cause of slower economic growth is the decline in productivity growth[:] * * * According to a recent paper by Mr [Stanford economist Charles I] Jones and three co-authors, the number of Americans engaged in research has increased more than twentyfold since the 1930s, yet there has been no similar explosion in productivity growth.

"The stagnant wages of the president’s supporters [white working-class] cannot be easily fixed [second sectional heading]. * * * As the demand for unskilled workers falls and the demand for skilled workers rises [due to the advent of new technology such as robots], the wage gap grows larger

"his [Trump's] question about the dollar ['Is it good for the economy to have a strong dollar or a weak one?']. Here's the simple version [of the answer]: The value of the dollar in foreign-exchange markets is just a price. Like other prices, whenever it changes, some people gain, and others lose. It is not useful to think of a stronger or a weaker dollar as either good or bad. One has to look at the situation at hand and the underlying drivers of the change.

Note:
(a) The Economic View column is contributed by economists (with PhD).
(b) Greg Mankiw
https://en.wikipedia.org/wiki/Greg_Mankiw
(1958- ; His grandparents were all Ukrainians; From 2003 to 2005, Mankiw was chairman of the Council of Economic Advisers under President George W Bush; Harvard professor)
(c) "Just so." (phrase): "BRITISH formal  used to express agreement"  Google

(d) "he [Trump] will probably get around to appointing the three members of his Council of Economic Advisers, as is required by law."
(i) get around (vi):
"1a :  to find or take the necessary time or effort —used with to
   b :  to give attention or consideration —used with to"
https://www.merriam-webster.com/dictionary/get%20around
(ii) Council of Economic Advisers
https://en.wikipedia.org/wiki/Council_of_Economic_Advisers
("The council's chairman is nominated by the president and approved by the United States Senate. The [two] members are appointed by the president. The staff of the council consists of a chief of staff as well as about twenty economists, plus three permanent economic statisticians")