The article is right. You're missing the key point, which is that democracies generally tend to do better economically than autocratic states.
What does democracy have to do with the economy? Well concentration of power in a subgroup is generally pretty bad for overall performance. That's true whether it's concentrated by gender, age (gerontocracy), race, monopolies etc. Even one sector of the economy getting too strong is generally bad (resource curse). There are exceptions of course, but that's the trend.
Young men swung hard for "grab them by the pussy" Trump. I recommend not doing that. If you care about jobs, you need to start caring a lot about DEI and abortion and welfare and trans people. It's not "political bullshit" vs "real issues". The two are inextricably linked, and that jobs chart will keep happening until American society finally understands it. There's a reason Blue states are (generally) richer than Red (ex-slave) states: they have better teamwork.
What does democracy have to do with the economy? Well concentration of power in a subgroup is generally pretty bad for overall performance. That's true whether it's concentrated by gender, age (gerontocracy), race, monopolies etc. Even one sector of the economy getting too strong is generally bad (resource curse). There are exceptions of course, but that's the trend.
Since the end of WW2, and especially since the end of the Cold War, Democratic administrations have presided over significantly higher job growth than Republican administrations. https://arc-anglerfish-washpost-prod-washpost.s3.amazonaws.c...
Young men swung hard for "grab them by the pussy" Trump. I recommend not doing that. If you care about jobs, you need to start caring a lot about DEI and abortion and welfare and trans people. It's not "political bullshit" vs "real issues". The two are inextricably linked, and that jobs chart will keep happening until American society finally understands it. There's a reason Blue states are (generally) richer than Red (ex-slave) states: they have better teamwork.