The Global economy is expected to increase 3.2% and the US should experience 2.5% growth in 2024. You will notice from the video the U.S. GDP pace of growth will slow over the next few years. That could be caused in part by not implement technology fast enough to enhance productive capacity at a price point sellable to the global market. The other issue could also be that human capital development is not keeping pace as we debate the purpose of Higher Education in society.
(Note: There are people debating whether higher education should be reserved for the elite or more open to the average person. To me, a strong and practically educated workforce that can apply those skills learned directly into the business/industry world is important for innovation and production. There are others who feel that is not the best approach so we have a continued bottle neck in the human capital development line. We may also have a lower Higher Ed to Industry knowledge transference rate for scientific discoveries as well as applied skills.).
My general suggestion beyond improving investment, international influence, supply chains, etc. is that we should maximize our recent investments in infrastructure, with innovation, technology, and human capital to increase the foundations of robust economic growth. i.e. over the horizon thinking. We also could explore rapid innovation clusters to solve root development problems i.e. space flight or military development, in a way that could also improve various product lines in multiple industries to foster broader based market adaptations. ( I wonder if from a cluster perspective, A govt.-industry-community type co-creation system might function? not sure. 🤔)
So far these are seen as sort silly ideas so feel free to discard. 👎👎👎
No comments:
Post a Comment