Under Investment Is Hampering Growth: Spence

The video discusses the concept of economic mediocrity, highlighting challenges such as subdued growth, underinvestment, and structural labor market issues. It emphasizes the need for leadership and long-term investment in infrastructure and technology. Economists argue that short-term measures are insufficient to address deep-rooted structural challenges, advocating for a shift in political economy to foster sustainable growth.

What leadership qualities are necessary to overcome economic mediocrity as discussed in the text?

How does the text suggest addressing the issue of stagnant wages?

What is the significance of technological advancements in the context of economic growth?