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In an advanced economy you need skilled workers. Skilled work needs a healthy population, enabled and motivated to learn the skills necessary. The US can try
by h0l0cube 5y ago
In an advanced economy you need skilled workers. Skilled work needs a healthy population, enabled and motivated to learn the skills necessary. The US can try to compete on low-skilled manufacturing jobs, but the high dollar gets in the way of that.
Whether there's a net increase in GDP or government revenue, I'm not qualified to even guess, but if I'm running a business and I can benefit from human resources on-site, or need them to have deep cultural knowledge to fulfil my business needs, a local talent pool increases competition, reduces my expenses, and ensures timely and potentially revenue-generating improvements to my enterprise.