ARE WE A SINKING SHIP??? 1) Take this same list. 2) Take the median gdp figure a

ARE WE A SINKING SHIP???

1) Take this same list.

2) Take the median gdp figure and median income of each.

3) Calculate the target median income and gdp necessary to reach second world middle class incomes.

4) Now, overlay that on top of this chart.

what wil you see? those places that think theya re getting better are so because they have so far to go, while those places that are already there, cannot go farther without extraordinary investment.

or stated another way, the others are catching up by consuming our institutional, cultural, and technological advances.

We are, on the other hand, in exchange for cheap goods, allowing our incomes to be exported (trade deficits) overseas instead of investing them in maintaining the advantage that we have held for 500 years.