2min chapter

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How to Make the U.S. Semiconductor Industry Boom Again

Odd Lots

CHAPTER

The Role of Policy in Preserving Human Capital

Human capital is not just like jobs, but they're actually the people who figure out solutions on how to make how to push technology forward. And under a policy supported softer budget constraint regime, you could preserve and inculcate that human capital in one way or another. This sort of squeezing effect, where people get pushed in and out of the labor market, creates an incredible excess waste of capacity.

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