Federal Reserve Bank of Boston | bostonfed.org |
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A Key Perspective:
Is This a Zero-Sum Game?
▶ Does success for one segment imply
losses for another?
NO!
▶ If we succeed in improving human
capital for low-income populations, the
size of the economic pie increases
▶ That means more income overall,
more jobs, more consumer spending,
more investment
Not THIS:
But THIS:
Bank Administration, 7 January 2020
