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The paradox of the Recessional refers to the observation that despite economic growth and rising living standards, many individuals and communities experience declining economic security and welfare. This paradox can be explained by the uneven distribution of wealth, where the benefits of growth disproportionately accrue to the wealthy, leaving others behind. Additionally, structural changes in the economy, such as globalization and technological advancements, can displace traditional jobs and exacerbate inequality. As a result, while the overall economy may appear robust, many people feel marginalized and insecure.

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2w ago

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