Comments on: Can America innovate its way to growth? http://blogs.reuters.com/great-debate/2013/10/23/can-america-innovate-its-way-to-growth/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: ch0senbygrace http://blogs.reuters.com/great-debate/2013/10/23/can-america-innovate-its-way-to-growth/#comment-77764 Mon, 28 Oct 2013 00:38:14 +0000 http://blogs.reuters.com/great-debate/?p=25270#comment-77764 Odd that a British invention in the picture is being shown, though the parts came from around the world.

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By: tmc http://blogs.reuters.com/great-debate/2013/10/23/can-america-innovate-its-way-to-growth/#comment-77748 Sun, 27 Oct 2013 11:59:58 +0000 http://blogs.reuters.com/great-debate/?p=25270#comment-77748 Great pint @Decatur. Though I think the with the elderly, we are seeing more in retail not due to loosing their cognition, but because so many more of the elderly need the income. They are the retired blue and lower white collar works and they are just as sharp as they ever were. But a retired welder or house painter only gets a retail job. Ever go to a diner in Florida?

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By: JoeMcS http://blogs.reuters.com/great-debate/2013/10/23/can-america-innovate-its-way-to-growth/#comment-77742 Sat, 26 Oct 2013 22:01:45 +0000 http://blogs.reuters.com/great-debate/?p=25270#comment-77742 Innovation is in our (your) favor, but labor is not. The US standard of living and prosperity is based not on US labor alone but includes that of other poorer countries. This is making the other countries rich and eventually the US will not be able to afford as much labor overall to sustina its standard of living. It is possible that productivity will keep pace or exceed that, but unlikely as innovators seems to be focused more on entertainment and less on productivity. Maybe 3D printing will save us.

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By: Decatur http://blogs.reuters.com/great-debate/2013/10/23/can-america-innovate-its-way-to-growth/#comment-77741 Sat, 26 Oct 2013 16:09:10 +0000 http://blogs.reuters.com/great-debate/?p=25270#comment-77741 There was a lot of discussion about technological innovations in terms of aging. How the elderly use resources for care, consume from savings, or contribute by working might be transformed if medical innovations tackle dementia before the bulk of the boomers experience it. It now seems unsusual to continue work part time as a senior reviewer or mentor sharing full benefit of experience, instead of the more commonplace retail jobs for working retired that are steps down from their middle-aged work. We might see a lot more of the former if medicine extends the years of peak cognition.

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By: Decatur http://blogs.reuters.com/great-debate/2013/10/23/can-america-innovate-its-way-to-growth/#comment-77740 Sat, 26 Oct 2013 15:49:18 +0000 http://blogs.reuters.com/great-debate/?p=25270#comment-77740 Aside from hoping attitudes in society and politics change slightly in favor of fostering STEM, sustainability and innovation in education, and nurturing the fields of basic research from which applied science and technology are harvested, there’s another change needed that I hope will help us innovate our way to more economic growth.

Will we place more value on quality to reward innovation in the marketplace?

Our consumer culture had an aspect of Gresham’s Law with consumption becoming more and more commodity-based. There are some counter-currents such as local food movements, but overall lowest-cost vendors and lowest-cost overseas production have moved the onus for quality control from the supplier to the consumer. Overall we’ve opted for more cheap ‘stuff’ compared to choosing better or at least local/domestic ‘stuff’, a sort of adult failure to pass the ‘marshmallow test’ discussed with kids’ ability to gain by delayed gratification. The full cost of each purchase decision is a balance sheet that goes beyond checkout price and always opting for the low-cost commodity products adds societal costs that we all wind up paying anyway.

People seem to pay a small surcharge to do good with purchases – seems to be 10-20% acceptable for local or organic or farmers co-op or charity-based brands, from what I recall reading.

Will we shop with an ethos that rewards ‘innovative’ domesitic products? Will the market place reverse trends that began in baby-boomer anti-establishment 1960s-70s, grew in the ’80s and became exemplified by Wal-Mart once all the “buy from our American Partner” flags disappeared from aisles 20 years ago, for either 1) a little more economic nationalism in choices by each consumer, or 2) more consumer selection for innovation in better quality, not always lower price? Both of these would encourage innovation for a purpose besides cost-cutting, and help our economy.

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By: OneOfTheSheep http://blogs.reuters.com/great-debate/2013/10/23/can-america-innovate-its-way-to-growth/#comment-77734 Sat, 26 Oct 2013 04:11:56 +0000 http://blogs.reuters.com/great-debate/?p=25270#comment-77734 @ptiffany,

If your “Class War has been won and it’s time that the Pee-Ons acknowledge the Idiocracy and bow down to the Plutarchs…” can we look forward soon to your ceasing to post the same rant over and over?

Even if you’re sweet sixteen, go baby sit or stifle.

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By: rikfre http://blogs.reuters.com/great-debate/2013/10/23/can-america-innovate-its-way-to-growth/#comment-77727 Fri, 25 Oct 2013 16:51:54 +0000 http://blogs.reuters.com/great-debate/?p=25270#comment-77727 We should “innovate” our way to single Payer health” care….make Beltway politicians subject to the rules of “Obamacare”…..and find out why it costs millions to get re-elected and/or run for office.

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By: ptiffany http://blogs.reuters.com/great-debate/2013/10/23/can-america-innovate-its-way-to-growth/#comment-77714 Thu, 24 Oct 2013 20:03:16 +0000 http://blogs.reuters.com/great-debate/?p=25270#comment-77714 The Plutocracy that has ruled the United States for several decades is now so blatant and arrogant in their status quo that they no longer even provide lip-service to American ideals or hide their widespread corruption of government. The Class War has been won and it’s time that the Pee-Ons acknowledge the Idiocracy and bow down to the Plutarchs, the “job creators” who’ve created millions of jobs in foreign countries and stashed away their billions in tax-free foreign bank accounts.

$ $ $ $ The PLUTOCRACY RULES ! ! Hoo, RAH !

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By: QuietThinker http://blogs.reuters.com/great-debate/2013/10/23/can-america-innovate-its-way-to-growth/#comment-77702 Thu, 24 Oct 2013 13:22:31 +0000 http://blogs.reuters.com/great-debate/?p=25270#comment-77702 Real innovation is rooted in science and technology. Virtually all of this innovation grwos out of discoveries made years before in research universities and government labs (yes, including defense programs). The explosion that is the internet grew out of DARPANET, followed by Tim Berners-Lee and colleagues at CERN. Often our businessmen, excessively focused on quarterly results, don’t see the big picture. Since 2000 the US budget cutters have been shortchanging science. State level budget cutters have been particularly aggressive in decimating funding for education. It does take years, sometimes decades for the shortfall to show up, but unless the US starts making the necessary investments, our country will become a second or third rate economic power in a few decades.

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By: AZreb http://blogs.reuters.com/great-debate/2013/10/23/can-america-innovate-its-way-to-growth/#comment-77701 Thu, 24 Oct 2013 12:43:48 +0000 http://blogs.reuters.com/great-debate/?p=25270#comment-77701 You can have innovation all you want – but if the corporations that have the patents and programs then outsource their labor and build factories in other countries (plus paying little or no taxes), then our workers and our country lose.

We have become a “service economy” with little manufacturing – and that manufacturing used to be a stepping stone to middle class living.

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