A laborer in a subsidized, low-productivity industry is one less worker available for a high-tech, high-productivity sector. With a finite workforce, misallocating labor like this inevitably hampers innovation and economic growth. The U.S. should focus on being a powerhouse of technology and innovation, not divert resources to low-value tasks like picking olives from trees.
A laborer in a subsidized, low-productivity industry is one less worker available for a high-tech, high-productivity sector. With a finite workforce, misallocating labor like this inevitably hampers innovation and economic growth. The U.S. should focus on being a powerhouse of technology and innovation, not divert resources to low-value tasks like picking olives from trees.