Cost of Doing Nothing About Growing Problem >> Cost of Proposal

 

Dr. Robert Reich proposed the concept of 'Cost of Doing Nothing'. 

 

He reasoned the "Cost of Doing Nothing" is much larger than the "Cost of Proposal". 

I interpreted this as "The preventive cost (a.k.a. preventive investment)" is much smaller than "Problem cost". 

 

Let's do something good to avoid unnecessarily high "cost of doing nothing" .

 

 

 

https://robertreich.substack.com/p/mammoth-costs?fbclid=IwAR0Oivtz2fbxsHw2tGVfOITmTsSFoOG8ckUDQtJpgW7KFskCzGxNMy15vOA 

 

The mammoth costs of doing nothing or too little

It's time to change the way we think about public policy

robertreich.substack.com

 

 

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Dec. 07, 2021, Dr. Jeonghwan (Jerry) Choi

 

 

 

Posted by Jeonghwan Choi

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