Growth can also involve producing services instead of goods… - Jim Stanford

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Growth can also involve producing services instead of goods. In particular, a major expansion of public and caring services (like child care, education, elder care, and other life-affirming programs) would generate huge increases in GDP and incomes, with virtually no impact on the environment.

Jim Stanford

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About Jim Stanford

Jim Stanford is the resident economist for the Canadian Auto Workers and founder of the Progressive Economics Forum. He holds a Master’s degree in Economics from Cambridge University, and a Ph.D. from the New School for Social Research.

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Forget about the market updates. Here's a better way to find out about the economy-your economy. Take a walk. And ask some questions.

Everyone has an interest in the economy: in how it functions, how well it functions, and in whose interests it functions.

This relationship is the foundation for the argument, made by some trade unionists and labour advocates, that high wages can actually be "good for business". The precedent set by Henry Ford in 1914, who offered workers $5.00 per day (a very high wage at the time) so they could afford to buy the same cars they made, is often invoked.

Growth can also involve producing services instead of goods. In particular, a major expansion of public and caring services (like child care, educati… - Jim Stanford

About Jim Stanford

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