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Potential growth falls with slower labour growth.
But such an approach fails when sales growth falls, he said, "like any other pyramid scheme".
Suddenly, Japan's bad prospects are far worse and China's toy-and-electronics-driven growth falls.
But if growth falls short of already modest forecasts then pressure will build still further.
The OECD study goes even further and suggests that "when income inequality rises, economic growth falls".
Subtract fat gains from shares held in pensions, and earnings growth falls by another percentage point.
Similar(21)
Earnings growth fell in 2013.
After then, pay growth fell considerably.
In the third quarter, growth fell to 5percentt.
Excluding bonuses, earnings growth fell from 2%to1.8%8%.
Shares of General Growth fell $1.79 yesterday, to $47.06.
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