A reduction in innovation is responsible for the shrinking Pareto Index. A number of factors reduce innovation, all increasing its opportunity cost relative to pursuing a traditional career.
In order to foster innovation, we need to forgive student loans and reform education, change professional regulation, address housing shortages, break up the big tech monopolies by enforcing our antitrust law (which we haven’t been doing lately), and have a serious discussion about changing our tax code. I’d suggest flatter
Published on August 23, 2020 12:16