id905720940
Link to originalIt comes down to the custodial institutions of the state: a healthy workforce, robust public education, and public research and development complement private investment and superintend the conditions for sustained innovation. Where workers have a voice — for example, through codetermination and concertation — they are better able to coordinate across sectors and foster long-term skill formation. Innovation becomes less perilous when employment insurance and retraining reduce reliance on any single job. Economic security lowers the cost of failure; it underwrites risk-taking and broadens time horizons. In these settings, productivity gains need not come at human expense.