An Uber Economy Lesson For Government: Innovation Will Drive Us Forward

By Published on August 5, 2015

As the United States moves past the Great Recession, job growth, underemployment and the labor participation rate continue to hold our country back. How have we overcome these obstacles in the past? Innovation. And it continues to be our best bet for putting Americans back to work.

The creation of new technologies and bold concepts were behind the likes of McDonald’s in the 1950s, The Home Depot in the 1970s and Apple in the 1980s. They all became the creators of new jobs, both for entry-level employment and for advancement. This generation’s version of fast-growing job creators are firms like Uber and AirBnB. Whether it’s the aura of “Shark Tank” or having a friend who builds a successful app for a living, Millennials have grown up with a new respect for entrepreneurship. Their enthusiasm for starting their own business or going out on their own should be nourished to embrace the new economy, not put off by the huffing and puffing of politicians and bureaucrats.

 

Read the article “An Uber Economy Lesson For Government: Innovation Will Drive Us Forward” on forbes.com.

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