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This is good news and as others have noted, the United States could be in for a good decade of economic growth. To ensure progress however, we need to address t
by BenFranklin100 4y ago
This is good news and as others have noted, the United States could be in for a good decade of economic growth. To ensure progress however, we need to address two issues: immigration and housing.
Our immigration system needs to reformed to allow US college educated students the option to stay in the US. Current programs like the H1B are in need of serious reform and are too dominated by large firms gaming the system, rather than on individuals seeking a better life. Talented, young immigrants with ideas are the lifeblood and energy of US entrepreneurship and deserve a seat at the table.
Second, The US needs massive zoning reform. Local politicians representing the private interests of the property and home owner class should not have the power to ban new homes. These bans make it difficult if not impossible for younger people to live near well paying jobs. Zoning also sharply limits economic growth. Enrica Morettj estimated that zoning smothered US growth by 50% over 50 years:
https://www.nytimes.com/2017/09/06/opinion/housing-regulations-us-economy.html https://www.nytimes.com/2017/09/06/opinion/housing-regulatio...