To put it simply and a bit crudely: Our economy is demanding more well-educated workers than our schools are providing. To attract this scarce resource, communities have to offer more than just jobs.
Adam DavidsonRead
A healthy economy is largely a result of a reasonable balance between consumption today and consumption deferred, and it's pretty clear that balance has been ridiculously out of whack for a while.
Interpretation
A healthy economy requires a balance between current spending and saving for the future.
This quote by Adam Davidson emphasizes that a thriving economy depends on finding an equilibrium between immediate consumption and the savings or investments for future consumption. When this balance is disrupted, it can lead to economic instability, suggesting that both personal and collective financial habits need to be carefully managed for sustainable economic health.
In practice
This quote can be used during a lecture on economic principles.
To put it simply and a bit crudely: Our economy is demanding more well-educated workers than our schools are providing. To attract this scarce resource, communities have to offer more than just jobs.
If workers are more insecure, that's very 'healthy' for the society, because if workers are insecure, they won't ask for wages, they won't go on strike, they won't call for benefits; they'll serve the masters gladly and passively. And that's optimal for corporations' economic health.
Conventional economic theory... counts the depletion of resources as the accumulation of wealth.
The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.
I look under the skin of countries' economies, and I help them make better decisions and be stronger, to prosper and create employment.
Stopping illegal immigration would mean that wages would have to rise to a level where Americans would want the jobs currently taken by illegal aliens.
Economics is a choice between alternatives all the time. Those are the trade-offs.
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