Welfare
in sentence
1448 examples of Welfare in a sentence
As we get richer, measured productivity may inevitably slow, and measured GDP per capita may tell us ever less about trends in human
welfare.
Then the benefit to human
welfare
is nil, even though measured productivity rises if public services are valued, as per standard convention, at input cost.
Look around the economy, and it’s striking how much high-talent manpower is devoted to activities that cannot possibly increase human welfare, but entail competition for the available economic pie.
Measured productivity slows as intermediate zero-sum activities proliferate, while other zero-sum activities swell GDP but deliver no
welfare
benefit.
Potentially offsetting this effect, information technology may improve human
welfare
in ways not captured in measured output.
But the essential insight is still important: much that delivers human
welfare
benefits is not reflected in GDP.
Indeed, measured GDP and gains in human
welfare
eventually may become entirely divorced.
Imagine in 2100 a world in which solar-powered robots, manufactured by robots and controlled by artificial intelligence systems, deliver most of the goods and services that support human
welfare.
Measured productivity growth would be close to nil, but also irrelevant to improvement in human
welfare.
Clinton eventually found success, too, by cooperating with Congressional Republicans to reform
welfare
and balance the budget.
Second, drug development is geared toward maximizing profit, not social benefit, which skews efforts directed at the creation of medicines that are essential to human
welfare.
The fear that big businesses were harming the general
welfare
by stifling competition – and were politically powerful enough to entrench their monopoly power – allowed reformists from the left and right to find some common ground.
For starters, they must take action to protect the rural environment, ensure animal welfare, and improve education, knowledge transfer, and business training for farmers and agricultural workers.
Perhaps the most astonishing thing about the ECB’s monochromatic price-stability mission and utter disregard for financial stability – much less for the
welfare
of the workers and businesses that make up the economy – is its radical departure from the central-banking tradition.
And, for nearly a decade, China has been urged to undertake reforms to redress these economic patterns, which have undermined the
welfare
of ordinary Chinese and strained the global trading system.
Worse, it puts the health and
welfare
of the planet at risk.
The entire French political class has long delighted in taxing labor to finance the country’s generous
welfare
provisions, thus avoiding excessively high taxation of individuals’ income and consumption – though that is about to come to an end as Hollande intends to slap a 75% tax on incomes above €1 million.
Then, in 2010, with the outbreak of the European debt crises, it was America’s turn for schadenfreude, while Asian countries pointed to the over-extended
welfare
state as the root of the problem.
The breakdown of British imperialism after World War I was followed by the New Deal and the
welfare
state.
The pretext was that taxes,
welfare
payments, and other government interventions impair incentives and distort competition, reducing economic growth for society as a whole.
Just as fiscal and monetary policy can be calibrated to minimize both unemployment and inflation, redistribution can be designed not merely to recycle taxes into welfare, but to help more directly when workers and communities suffer from globalization and technological change.
Absent further trade agreements, there is a big risk that the pace of globalization will slow, with profound consequences for global poverty and
welfare.
Many of the countries that performed poorly on this test – most notably France, Greece, Italy, and Spain – were European
welfare
states where generous public pensions place heavy burdens on national finances.
He accepted this risk as the price to be paid in order to improve the economic
welfare
of ordinary Chinese.
Postwar western politics -- confrontations between social democratic parties supporting the
welfare
state and Christian Democratic or business oriented parties emphasizing the role of private capital -- effectively ended in the early 1980s.
Success meant the institutional anchoring of
welfare
states and policies designed to maintain high employment.
It stands for productivity increases, downsizing where necessary, and severing the entitlements of
welfare
from the compensation of labor.
An increase in military spending, in conjunction with an enforcement of the stability pact, should bring about a trimming of the non-defense budget: the public sector wage bill and a
welfare
state grown far beyond the goal of supporting the incomes of the poor, would of necessity need to be trimmed sharply.
For half-a-century Europe has relied on the US for security, while spending its own money on a pricey
welfare
state.
Over the course of human history, the application of expertise has helped tackle disease, reduce poverty, and improve human
welfare.
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