Economic growth, and meaningful job creation, in the US is a matter of increasing the skilled labor proportion of the workforce, raising entrepreneurial capacity to meet excess capital reserves, and not neglecting basic science and engineering research.
Lots of politicians talk about job creation and economic growth, but miss crucial factors.
One Paragraph of US Economic History In the mid 1900’s the US was a manufacturing powerhouse, GDP growth was strong, and wages rose along with earnings. As time went on, and globalization stepped into higher gears, the US transitioned into a service economy. In a service economy, productivity gains are much harder to come by (advances in artificial intelligence are changing this today), and so real GDP growth stalled. It is still stalling, but something interesting began in the last twenty years.
