USA - Government, business and workers need to address values and incentives.

How to turn the US economy around

by Charles Koch

Source: www.capx.co

A return to principled business and a removal of incentive destroying handouts will create a productive workforce and economic growth, according to Charles Koch writing for USA Today.

For years, Washington politicians have said that our economy is turning the corner. They said it in 2011, in 2013 and again last week — every time they report a quarter with 4% economic growth. But each time, the economy has turned sluggish again.

Like most Americans, I am deeply concerned about our weak economic recovery and its effects on millions of families. Opportunity, especially for the young and disadvantaged, is declining. High underemployment has become our new norm.

The effects of underemployment are not just economic, they are also social and psychological. Real work is an important part of how we define ourselves. Meaningful work benefits both us and others. Those who lack real jobs often end up depressed, addicted or aggressive.

Today, opportunities for such work are not what they should be. We need a different approach, focused less on politics and more on basic principles.

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