President Obama tours Cree, Inc., a manufacturer of energy efficient LED lighting, in North Carolina on June 13. Economists believe the innovation of new technology would create jobs and boost the economy. Saul Loeb/AFP/Getty Images hide caption

itoggle caption Saul Loeb/AFP/Getty Images

Experts estimate that in a 2 percent growth economy, the average household income would increase $17,000 less over a decade than it would in a world of 3 percent growth. hide caption

itoggle caption

President Obama tours the Automotive Training Program at the Northern Virginia Community College, Alexandria campus, in June, Va. Slower economic growth means fewer opportunities for U.S. companies, which in turn leads to less hiring. Jim Lo Scalzo/Pool/Getty Images hide caption

itoggle caption Jim Lo Scalzo/Pool/Getty Images