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Ep 28: Peter Thiel, Billionaire Investor and Company Creator on Investing, Business, and Life

The Tim Ferriss Show

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The Nine Point Seven Million Unemployed in America

We need to find a way for there to be just more growth in our overall economy. If the us Economy was growing at a rate of four % a year, i think these problems would broadly get solved. The challenge has been that we've been having growth of one or two % for the last seven, eight years and that sort of growth rate is not enough to overcome structural unemployment. It's my view that technology is the key driver for growth, especially in a developed nation like the us. And therefore, anything we can do to accelerate technological progress and technological innovation will increase growth and ultimately will increase opportunities for people throughout our society.

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