Whence Come Opportunities?


The source of economic opportunities is growth that is evident in increasing productivity, in new jobs, and in economic investments. This is, of course, much more complicated than I imply here, and economists have widely different views on how economic growth can be achieved. Yet all economists agree that investments, productivity, and jobs define the parameters of economic growth and, thus, opportunities. And, when economic growth is frozen, competition is intense, and the outcomes are zero-sum. That is, some groups gain at the loss of others. In modern industrial societies decline entails increasing inequalities as it hits those first and hardest who are not advantaged by reserves. Declining opportunities affect those most with the least to lose because they do not have the cushion of reserves.


Social Life Social Contract American Sociological Review Internal Labor Market Wage Contract 
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