kalesaji t1_iwmlthu wrote

The house I'm currently living in is build from steel reinforced concrete. The ceiling is 40 cm thick, as are the basement walls. It's quite an interesting place to live, if you turn off the heating it will be 16°C. Regardless of the season. Also you can make lots of noise in the basement as no one will hear anything.


kalesaji t1_itrrew4 wrote

The reason growth is positive for a country is thst growth allows current work to be more valuable then past work. The work done today is more efficient, more valuable then the work done 50 years ago. This is reflected in growth. Now, try to see the opposite case. Let's say what you are doing today is less valuable then what your parents did 50 years ago. Would you be doing it? Or would you move on to do something else? This can be seen, for example, in service jobs. When a sector doesn't grow significantly enough, people will no longer want to be associated with it. They won't want to work in it (dead end job), they don't won't to invest in it (no return on investment) and they don't want to buy the products and services (same old, we allready have this, it's becoming boring) which leads to the sector declining steadily.