We are all impacted by the economy in one way, shape, form or another. Economics determines whether we can find a job, how much we will be paid, or whether or not you are able to afford a new car. The science of economics helps us explain and predict events in our environment that lead to stronger fiscal policy. The 2015 Economic Report to the President outlines a growing economy in terms of jobs, debt, energy, and exportation. Despite the positive news there is much more work to be done realigning the economy to sustainable growth and development.
The economy has come a long way in the past few years but renewed effort will help to keep it moving in the right direction. We are in a period of transformation that may take a decade or more to play out. Making sure that policy is focused on strengthening investment in advanced and export driving businesses helps to put people to work at a higher wage than what might be found in other industries. Lawmakers should consider this national need when making local and state decisions that either encourage or discourage alignment to the global market.