The Compound and Friends · Monday, July 13, 2026
Nick Colas elaborates on additional reasons for the US economy's sustained growth, including better-managed companies leveraging technology, a more educated and mobile workforce, and the buffering effect of the gig economy. These factors contribute to a more resilient labor market and economy.
“US companies are also better managed. They use technology more effectively and more efficiently. So a better managed system.”
“US workers are now more educated, better educated than in past. They have greater mobility. So if they lose a job, they're more likely to find a new job.”
“And on top of that, US workers are now more educated, better educated than in past. They have greater mobility. So if they lose a job, they're more likely to find a new job. At a macro level, fiscal and monetary policy has become very responsive to shocks. And the latter, monetary policy corrects really quickly.”
“And then we have a tech enabled gig economy that acts as a buffer for labor force. If you lose your job, you can get a gig job until you find your next full-time job.”