by Lionesses of Africa Operations Department
“Historically, no known human society has created shared prosperity purely through redistribution. Prosperity comes from creating jobs that pay decent wages. And it is good jobs, not redistribution, that provide people with purpose and meaning in life.” So wrote Daron Acemoglu (here), Professor of Economics at MIT, and co-author of ‘Why Nations Fail: The Origins of Power, Prosperity and Poverty’ (here). Purpose and meaning in life, now there is a deep subject that cannot be answered in a single article, but certainly if we limit it to how we can look to create this environment for our employees and our businesses, then perhaps that would be a start.
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