David Brooks: We are doing a good job of reducing inequality without smothering the dynamo of capitalism.
Pedestrians in front of the New York Stock Exchange in the Financial District in New York, on March 21, 2023.The mighty Mississippi rolls on. If you don’t live near it, you might never think of that wide, powerful river. You may associate it with old Mark Twain stories. But every day, 24/7, it rolls on.
Back in 1990, for example, America’s gross domestic product per capita was nearly neck and neck with that of Europe and Japan. But by 2022 the U.S. had raced ahead. The sources of this strength are many. I was especially struck by how much America invests in its own people. America spends roughly 37% more per student on schooling than the average for the Organization for Economic Cooperation and Development, a collection of mostly rich peer nations. ChatGPT and mRNA vaccines are not the only signs of American technical prowess. The United States accounts for 22% of the patents in force abroad, up from 19% in 2004. That’s more than any other nation.
The mighty rolling river sweeps up new generations. The millennial and Gen Z generations are practically defined by a story of economic hardship. Many people believe that the coming generations will not enjoy the same living standards as their parents. Real estate costs have been surging in many metro areas, but Twenge reports that 48% of millennials owned their own homes during the 25-to-39 age range, nearly the same as the rate for boomers at that age. Many millennials bought their homes at a time of historically low interest rates and saw their values shoot up during the pandemic. “Millennials have not been economically unlucky as to homeownership,” Twenge concludes. “If anything, the reverse is true.
Between 1990 and 2019, American social spending rose from 14% of GDP to 18%. In part because of this government support, poverty hit an all-time low in 2021, according to the Census Bureau.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Dillon Brooks ejected for hitting LeBron James in the groinDillon Brooks was ejected for hitting LeBron James in the groin during Saturday’s Game 3 battle between the Lakers and Grizzlies in Los Angeles.
Leer más »
Grizzlies' Dillon Brooks ejected from Game 3 for hitting Lakers' LeBron James in groinMemphis Grizzlies forward Dillon Brooks got ejected from Game 3 of the Lakers-Grizzlies playoff series after hitting LeBron James in the groin in the second half.
Leer más »
Lakers get historic start, overcome Dillon Brooks’ punch to LeBron James for 2-1 series leadThe Lakers outscore Memphis 35-9 in the first quarter and see Brooks ejected for striking James in the groin before holding off Ja Morant (45 points) and the Grizzlies, 111-101. Game 4 is Monday ni…
Leer más »
Lakers drill Grizzlies to take 2-1 lead; Dillon Brooks ejectedAnthony Davis dominated with 31 points, 17 rebounds and three blocked shots to lead the host Los Angeles Lakers to a solid 111-101 victory over the Memphis Grizzlies in Game 3 of their tense first-round series on Saturday night.
Leer más »
Swanson: Grizzles’ Dillon Brooks can’t back up talk against LeBron James, LakersThe Memphis forward went over the edge he’s always hanging on with a direct shot to James’ groin, leaving his already short-handed team to try to claw its way back without him in Game 3.
Leer más »
NBA playoffs: Dillon Brooks' trash talk backfired vs. Lakers, and now the Grizzlies face huge hurdleLOS ANGELES — If poking living legends is going to be Dillon Brooks' game plan, it would be wise to hang around for an entire game instead of actually poking living legends.
Leer más »