It is really hard to decipher how the economy is doing. Is it really doing good for everyone? Numbers are fungible so who is breaking down the different sectors to see how everyone is really doing?
Are we really creating jobs in the tech sector for high school students who choose not to go to college and can program? How about the Latinos and African-Americans? Are we doing the right thing for this growing population?
Are we creating growth and opportunities for companies in areas that are not the top urban centers? The homeless situation in LA and SF is so overwhelming (not sure what is being done if anything) that screams the economy is booming.
Are all the people who just got laid off at WeWork and GM and other companies that are downsizing get counted as having a job? Do people who are part of the gig economy get counted as employed?
I do believe that as a world we are in a much better place than 20 years ago although if you follow your Twitter feed from the media all day long, you might think otherwise.
As we move into 2020, are the candidates really thinking about the future or just lip service for right now?
I keep thinking about an event we went to almost 20 years ago where there were about 10 tech entrepreneurs around the table and 15 politicians. It was a big square table. The conversation was around what is needed for the future but the reality is the politicians didn’t really care about the future. What they cared about was staying in office and raising the funds to do so. Making decisions that would make them look great today not great in 20 years. The tech people were extremely forthcoming about that much to the politician’s dismay.
Time has passed and I think about some of those conversations and things that could have been implemented but weren’t from immigration reform and VISA’s for tech companies and education platforms. That seems to be how everything is working these days. Short term highs vs smart long term decisions.
Just look at the division around the impeachment. The economy might be doing well but the message from ignoring the truth is that we are telling our children it is ok to lie, cheat and devalue the office of the Presidency at all costs to stay in power.
Amazon not coming to Long Island City that would have created 25,000 jobs is a perfect example of not looking at the big picture. The economy today needs to be thought about for the economy tomorrow.