Economic Growth in High-Income Countries

This lecture explores the need for economic growth in high-income countries, analyzing the relationship between GDP per capita and various well-being indicators. It delves into the correlation of GDP growth with well-being indicators, emphasizing the importance of growth for maintaining full employment. The lecture also discusses the impact of employment on life satisfaction, variables for employment algebra, and the dynamics of growth, employment, and productivity in Switzerland. Furthermore, it examines the relationship between GDP growth, employment rate, productivity, and demography, using Spain as a case study. The lecture concludes by highlighting the necessity for consumption growth to sustain full employment, emphasizing the role of consumption in maintaining labor productivity and employment levels.