lloyd comments on Rationality Quotes September 2012 - Less Wrong
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What is progress with respect to either? Could you possibly mean that moral states - the moral conditions of a society - follow from the economic state - the condition and system of economy. I do find it hard to see a clear, unbiased definition of moral or economic progress.
Moral progress is a trend or change for the better in the morality of members of a society. For example, when the United States went from widespread acceptance of slavery to widespread rejection of slavery, that was moral progress on most views of morality.
Economic progress is a trend or change that results in increased wealth for a society.
In general, widespread acceptance of a moral principle, like our views on slavery, animal rights, vegetable rights, and universal minimum income, only comes after we can afford it.
I think he's trying to say that having resources is a prerequisite to spending them on moral things like universal pay, so we need to pursue wealth if we want to pursue morality. Technically, economic progress is more of a prerequisite to moral progress than a sufficient cause though, as economic progress can also result in bad moral outcomes depending on what we do with our wealth.