High US GDP/Capita, Despite High Wages Compared to Non-OECD Countries


Greatest Wealth Generation in History in China Since 1980

While Consumer Spending % GDP Plummets and Savings Soar

 

Outsourcing in US of IT Services Much Greater Than Offshoring, Mostly to India and Ireland

 

US Auto Employment Declined and Shifted to Foreign Producers Since 1970

Auto Parts Jobs Much Larger Than Auto Company Jobs

Auto Engineering and Production Costs Vary Greatly By Country

 

US Transition From Rural to Urban Population Parallels Farm to Factory Shift

Keynesian Economics Applied Since 1930's By Governments to Moderate Economic Cycles

Tax Rate Changes and Income Inequality Vary Since 1913 Income Tax

 

OPEC Oil Price Rises of 1970's Increases Financial Sector Through Recycling Surpluses

US Responds to Energy Crisis With Inflation and Real Estate Price Rises

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Volcker Defeats Inflation With Interest Rate Hikes, Reagan Tax Cuts Yield $200B+ Deficits

USSR Afghanistan Invasion and Defense Burden Continue to Weaken Economy

 

1980's Rim of Asia Thrives on Exports, China Begins Rise and 10% GDP Growth

1989 Eastern Europe Free from Soviet Union, 1991USSR Collapses

 

1990's US Jobs Increase by 21Million, Mostly in Government, Education, Health Finance Services

1990's NAFTA Job Loss to Mexico Threat Overshadowed by Asia Export Gains

 

2000+ US Liquidity After Dotcom Crash Inflates Constructions, Masks Factory Job Loss

 

 

2007-9 Financial Services and Housing Growth Lead to Financial Meltdown, TARP, Stimulus

US Budget Deficit Soars In Attempts to Restore Economic Growth, Lending, Job Growth

 

2010 US Government Deficit, Public Debt, Trade Imbalances Limit Initiatives for Fast Recovery