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JIM GLASSMAN: Safety nets can trap people in a cycle of poverty

Jacqui Frank,Kara Chin,Joe CiolliAug 4, 2017, 22:33 IST

Business Insider

Jim Glassman, the managing director and head economist for commercial banking at JPMorgan, says that innovation has raised our living standard, and that it should be embraced because of the opportunities it offers. He acknowledges that disruption is scary, but argues that innovation creates wealth.