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Regardless of who wins, there could be some changes to theeconomycoming.
For example, Harris has prioritizedaffordable child careand paid family leave for those in the workforce.
As a byproduct, it could also drive economic growth.
Economic growth is essentially the increase in everyday services and goods in the economy.
Many factors can contribute to it, not least of which are human capital and theexisting labor force.
With possible incentives for working families, the economy could benefit in this area.
Thats not to say that Biden didnt strive for something similar.
The Biden-Harris administration has long been an advocate of equity, racial justice and supporting underserved communities.
Emphasis on Job Creation
Many economies thrive on innovation.
Shirshikov pointed out that Harris advocacy for innovation in certain industries could be beneficial, too.
This could stimulate job creation in emerging industries and help the U.S. maintain a competitive edge globally.
An estimated 206,000 new jobs were created in June 2024, according toa statement from Joe Biden.
A record number of new jobs 15.7 million were created during President Bidens administration.
The national unemployment rate has also remained at or under 4% during his term.
Right now, its too soon to say whether Harris will accomplish something similar or even better as president.
Considering small businesses are the backbone of the American economy, this could be a major boon.
It could also lead to greater productivity and innovation.
The federal budget deficit is also a very real concern.
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