In My Tribe • 592 implied HN points • 13 Jul 25
- Innovation has played a key role in improving living standards over the last 250 years. Before that, economic growth was very slow and not shared widely.
- Differences in income between countries are often influenced by their institutions and systems. Countries with better setups can help their citizens earn more and live better lives.
- The modern economy relies more on intangible factors like skills and innovation rather than just physical goods. This change has led to progress, but it can also disrupt existing jobs.