Need for Growth in High-Income Countries

This lecture explores the necessity of economic growth in high-income countries, analyzing the correlation between GDP growth and various well-being indicators, such as gender gap, social support, income inequality, and life satisfaction. It delves into the relationship between employment rate and life satisfaction, highlighting the impact of unemployment on overall happiness. Additionally, it discusses the variables for employment algebra, GDP production, and productivity in Switzerland, showcasing how changes in workforce and output affect productivity. The lecture also examines the growth, employment, and productivity trends in the Swiss construction sector since 1972, emphasizing the evolution of employment, construction spending, and productivity over the years.