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Replies to post #20694 on Market Direction and Stock Trends
04/02/17 9:14 PM
There are many actions we can take as a nation to improve our capacity for long-term economic growth, including an emphasis on productive, sustainable and non-duplicative infrastructure; greater investments in education and workforce training; increased immigration of high-skilled workers (who have a multiplier effect on both national income and employment); a substantial increase in the number of H1B visas; expansion of training, incentives and even immigration of workers in fields such as home and community health (where an aging population is likely to pose substantial demands); increased incentives for research and development; and substantially enhanced funding of scientific research through the NIH, NSF and other agencies.
The fact is that the incomes of low-skilled workers are typically highest in areas where high-skilled workers are most plentiful. Productive investment is essential, and misguided efforts at protection will actually have the effect of cratering gross domestic investment. Meanwhile, tax cuts don’t “trickle down” or “spill over” a fraction as much as knowledge, skills, and education can. We are doing exactly the opposite of what an informed nation with a comparative advantage in innovation should do, and the ignorance inherent in the current policy direction will produce only more of itself.
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