This makes sense to me. Not only does a dynamic, innovative economy involve a lot of disruption which requires supporting people as they transition out of jobs that are disappearing into new ones that are coming into existence, but being an entrepreneur is risky. If you weren’t already independently wealthy, would you take the risk of losing your home and your healthcare with no backup? A few people would, but a lot wouldn’t, and that’s potential innovation that everyone is missing out on.

Originally shared by Deborah Teramis Christian

“[A]s numerous Republican lawmakers have made clear, tax reform is only the first part of a broader effort to begin dismantling key components of the social safety net. And yet. . . the old doctrine that the safety net is always and everywhere antithetical to growth is beginning to be reassessed. Dawning instead, as we have observed elsewhere, is a recognition that a high-tech economy fueled by disruptive innovation actually requires a stronger safety net, if only to maintain the public’s tolerance for its inherent dislocations.