U.S. Chamber of Commerce’s Post

An interesting perspective from the U.S. Chamber of Commerce on how important every percentage of growth is for the US economy and the opportunities it creates. #USEconomy #Growth #Opportunity

Three facts, simple but remarkable, have defined the economic history of human beings until now. - The first is that, for most of the 300,000 years that human beings have been around, economic life was stagnant. Whether a person was a hunter-gatherer in the Stone Age or a labourer working in the eighteenth century, their economic fate was very similar: both are likely to have lived in poverty, engaged in a relentless struggle for subsistence.* - The second is that it was only very recently that this stagnation came to an end. Modern economic growth began just two hundred years ago, when living standards in certain parts of the world started a dizzying climb. If the sum of human history were an hour long, then this reversal in fortune took place in the last couple of seconds.' And the third is that human beings have managed to maintain their economic ascent. Whenever growth happened in earlier cen-turies, it had been limited and fizzled out. But this time it was both significant and sustained, as if some long-pent-up productive power which had laid hidden for millennia had finally been unleashed.* This is what makes modern economic growth entirely unlike anything that had come before. Daniel Susskind #degrowth

I started a Substack called "Debunking Degrowth" where I'll have weekly posts on the benefits of economic growth, why de-growthers are wrong and misguided, and talk about why freedom & prosperity matters. Check on out first post here, and please subscribe if you're interested!

How does economic growth affect you? More growth means increased incomes, expanded opportunities, and an overall better quality of life. 📈 See how faster economic growth makes the American Dream a reality: https://lnkd.in/emRnpGg9

Economic success is often believed to be a result of hard work. However, it's not that simple. The tradeoff between merit, privilege, and uncertainty is crucial in achieving economic success. While hard work (A) is essential, factors like privilege (B) and uncertainty (C) also play a crucial role in determining one's economic status. Check out the graphics to understand the trade-offs better. The reality is, many of us keep working hard, but factors in B and C keep pulling us down. That's where strategic intervention comes in. Policies like reservations can create a level playing field for everyone to achieve equal wealth and economic status. #HPUModel #Reservation

As a #firstgen student, I've often felt that the narrative of "getting to and through college" is necessary but insufficient to support upward mobility. This seminal report does a fantastic job operationalizing key indicators of economic mobility. Education obviously emerges as one theme, but this report acknowledges the critical role of relationships as well as physical and mental health - three aspects of one's life that those of us with privilege often take for granted. I think there are interesting implications here for supporting #families and communities as the unit of change, particularly if the goal is to address #intergenerational #inequality.  A highly recommended read! #upwardmobility #economicmobility #socialcapital

I might also add the opportunity to inherit or pass down wealth or assets as a life experience. However, this is interesting research to follow to begin to pinpoint lifestage experiences where structural racism, gender, and class bias intersect and impact economic mobility.

Knowledge is the engine that drives economic growth.

Definitely worth a read if you work to accelerate economic mobility.

Money brings happiness, but for how long? Is happiness about a bigger paycheck or economic growth? What actual role does money play in the pursuit of happiness? So what does truly bring momentous joy? Think again! The Easterlin Paradox throws a wrench in that idea. Swipe to explore why economic growth might not lead to lasting happiness. #ecosoc #srcc #easterlinparadox #behaviouraleconomics #beyondmoney #economicgrowth #income