I see headlines and articles discussing how consumer spending is driving, or of late, possibly slowing, the economy. But if not for people buying non-essential products and services, what else would drive the economy? Everyone needs food, shelter, and clothing. Many need cars, depending on their location. But I take it that spending on necessities is not enough, especially non-consumable or long lasting things like houses and cars.
In: Economics
Infrastructure investment – tax dollars being reinvested in capital improvement projects to the country’s infrastructure. People get paid to do the work, the new infrastructure is more cost-effective in the future, the upgrades add value in the present, it’s a win win. Bridges, drinking water systems, train tracks, broadband installation – these are all ways a country can invest in its future and increase the workforce and the GDP all at the same time.
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