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The new economy has new rules

Mount Equity Group Tokyo, Japan > News > Markets > The new economy has new rules

By Morf Morford

Tacoma Daily Index

“We have shortages, a soaring cost of living, significant unemployment in some places and persisting labour gaps in others, taxes up, public spending up, borrowing up and child poverty on the rise.”

The statement above might sound familiar, but it’s not from The United States, it from Great Britain. You can see the full article here – https://www.independent.co.uk/voices/rishi-sunak-boris-johnson-manchester-wages-b1931859.html?.

You might think our US economy is a tangled mess will all kinds of stresses never seen or noticed before, you’d be correct, but our economy – especially our local Tacoma-Pierce County economy – is diverse enough, with income/employment streams as varied as the military, international trade, ample natural resources and a wide variety of high tech companies from Microsoft to Amazon (and many more).

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