4 ms·

I admit that, but that doesn’t matter to the 99% of people who will never start a company.

• bjornsing 3y ago
  Not in the near term. But in the long term it does: as you can see in the OP historical economic growth is essentially the variable that explains current standard of living.
  • bjornsing 3y ago
    And it also makes work uninteresting and dull for another few percent, who can no-longer choose to work for an ambitious startup.
• BlargMcLarg 3y ago
  It's not just entrepreneurship. European countries are notorious for safeguarding people against mistakes at the cost of everything else. Safeguarding not just meaning 'you can't fall deep into poverty', but also 'we will give you the means to stay at your current level'. That's how you end up with young people earning median household income unable to get a semi-decent apartment while Joe with a family of 4 making the same amount could never afford his current home, but passed the checkpoint before the bar got raised too high. Great if you're established or the economy is flourishing where you want it. Not so great if important sectors are dwindling and you have yet to establish yourself.
  • deleted 3y ago
    [deleted]