Early interventions require a new means of social investment – Troy Media

Economists recognize that investing in human beings produces a positive return on investment

WINNIPEG, Man. Aug.16, 2016 – Investing in social conditions and, as a consequence, improves people’s lives. That’s fairly obvious. What hasn’t always been as obvious, however, is that such social spending doesn’t tend to come at the cost of economic growth. There is increasing recognition among economists that investing in human beings produces a positive return on investment.

One study of 15 European countries in the 1990s and early 2000s showed that each dollar spent in health and education can return as much as 1.7 times the original investment. By comparison, tax cuts, often cited as key for stimulating growth, actually tend to return less to the economy than is spent.

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