May 7, 2014 |
Inventing the Future
Some of the best parts of this job are like episodes of "How It's Made." Colorado companies invite us to tour their businesses and see firsthand how they're growing our state's economy.
It sure beats the madness taking place in Washington most days.
While the pundits and partisans play political games, Colorado is busy innovating and inventing the future. In fact, there are companies across our state that added jobs during this recession. They all tend to have one thing in common: innovation.
The velocity of innovation and economic activity in Colorado is only going to grow in the years to come, especially if we continue to focus on the future instead of the past.
Right now, our gross domestic product (GDP) and our productivity are higher than they ever have been in our country's history. At the same time, we're seeing levels of income inequality that we haven't seen since 1928. While every other economic indicator has risen, median family income -- or middle class income -- has remained stagnant.
It used to be that when our economy grew, wages grew. But that hasn't been true in the last two economic recoveries.
We can recouple wages and economic growth with education and innovation. If we make sure our kids are ready to compete in a 21st century economy and encourage innovative companies that create good-paying jobs, the sky is the limit for Colorado's economy.
We know that government can't create the jobs that will bring us out of a recession, but government can foster conditions where people who want to create jobs in Colorado can do just that. And it helps to have leaders who are willing to work together, question whether government is working well or isn't working well, and make changes that will support growth in the private sector.
We live in a beautiful place and economic growth is slowly but surely beginning to take hold in our state. This is Colorado, and we honor our past. Ultimately, though, we know that we'll be defined by our future.
All my best,