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> “In the end, [low productivity] could have a profound effect on the country's well-being, according to economists.” Not to minimize the rippling repercussion
by nomagicbullet 4y ago
> “In the end, [low productivity] could have a profound effect on the country's well-being, according to economists.”
Not to minimize the rippling repercussions a of slow economic growth, but this article is entirely framed from an economic perspective. A valid perspective, but also an incomplete one.
What about the impact to individual wellbeing? To community cohesion? To mental health?
If we ask economists if workforce disenfranchisement is bad, they will always say yes. Slow productivity is bad for the economy, but is it really “bad” for humanity.
- cratermoon 4y agoAs recent events has demonstrated, e.g. the pandemic response, the only acceptable perspective at the policy-making level is the neoliberal consensus, in which everything is decided, in the final analysis, on economic rules centering "free markets" and profits. Everything is transactional.