ALL THESE STEPS WILL COMBINE TO ENHANCE COLLECTIVE STANDARDS OF LIVING BY INCREASING INCOMES ACROSS THE SPECTRUM.
- Western economies are increasingly working to reverse or minimize the impact of the trend of “Socialization of risks and privatization of profits” to “Socialization of risks and democratization of profits and outcomes”.
- A plan for a universal-basic-income, irrespective of the citizen’s economic standing is in the works and may soon be implemented across the rich world.
- Huge investment packages are in the fray to pass sanction which will lead to plugging of gaping holes in the physical infrastructure.