Related Articles
- Currency Exchange Guidelines For Travelers
- A Country Gone Bust - Just What Might Be The Future And How Must That Affect You?
- Encouraging Ideas To Help You To Save More Cash At Home
- A Nation Gone Bankrupt - Just What Might Be Its Future And How Must That Affect You?
- Steps The Entire Family May Take To Keep More Of Your Income
- Steps Families Should Take To Preserve More Of Your Cash
- Use These Currency Exchange Tips Whenever You Travel
- Do Americans Have An Entitlement To An Ever Increasing Standard Of Living Greater Than The Rest Of The World?
- Save Money With These Currency Exchange Tips
- A Country Gone Bankrupt - Precisely What Can Be The Future And How Must That Affect You?
- Do Americans Have An Entitlement To A Permanently Rising Standard Of Living Greater Than The Rest Of The World?
- Save Money With These Currency Exchange Options
- The Reasons You Should Have An Online Checking Account Right Now
- A Nation Gone Bust - Just What Can Be Its Future And How Will That Affect You?
- Encouraging Tips That May Help You To Save More Cash At Home
Articles
Do Americans Have An Entitlement To An Ever Improving Standard Of Living In Excess Of The Rest Of The World?
Americans appear to have some regrettable belief that by simply being Americans, they are entitled to a high and increasing standard of living. Incorrect. That may have appeared to be the truth for many decades, however they will be in for a terribly unpleasant surprise. An increasingly global economy is a reality, and although the subject is somewhat overworked, it is true that Americans cannot expect to be paid handsomely for the same work that Asians are prepared to perform at a far lower wage. Neither can companies in India, China, etc., expect to be able to always pay those low wages forever. There will most likely be some sort of a "meeting in the middle" over the coming years with Asian wages rising and American wages falling. That's good news for Asians, but not so great for many Americans.
To a significant degree, Americans are living off the heritage of our former free-market, small-government, capitalist economy which was the engine that supplied the increasing standard of living Americans used to enjoy and modern day Americans appear to expect. I say former, because we now have anything but that any longer. The central government attempts to manage wealth creation while creating zero wealth whatsoever. Its major products are regulations, unsuccessful programs, and aggressive foreign wars. Not one of these has a positive impact on the prosperity of this country, and I believe that the "military-industrial complex" that President Eisenhower cautioned us about could be the most detrimental factor of all. Anyway, given his military experience he sure must have known all about it. War is unbelievably expensive, and as we've observed, once we start one the attitude becomes one of "we must have victory thus we have to spend whatever is necessary to attain it." Sounds like a path to national bankruptcy. Imagine what might have been done with the cash we've spent on these wars. And that doesn't even include the social costs to people and families.
The point is, downsizing on a personal level is going to be the new thing to do, regardless of whether we like it or not. An ever increasing standard of living derives from private savings and investment, productive labor, and a political setting established by a government that does not act like business expansion will proceed no matter what the government might decide to do to impede it. To the degree those things are missing, so also will growing personal wealth be outside our reach.
One doesn't have to like the laws of economics, and one may utilize the services of individuals with flawed ideas to get the answers one would like, however the facts remain the same.
Americans appear to have some regrettable belief that by simply being Americans, they are entitled to a high and increasing standard of living. Incorrect. That may have appeared to be the truth for many decades, however they will be in for a terribly unpleasant surprise. An increasingly global economy is a reality, and although the subject is somewhat overworked, it is true that Americans cannot expect to be paid handsomely for the same work that Asians are prepared to perform at a far lower wage. Neither can companies in India, China, etc., expect to be able to always pay those low wages forever. There will most likely be some sort of a "meeting in the middle" over the coming years with Asian wages rising and American wages falling. That's good news for Asians, but not so great for many Americans.
To a significant degree, Americans are living off the heritage of our former free-market, small-government, capitalist economy which was the engine that supplied the increasing standard of living Americans used to enjoy and modern day Americans appear to expect. I say former, because we now have anything but that any longer. The central government attempts to manage wealth creation while creating zero wealth whatsoever. Its major products are regulations, unsuccessful programs, and aggressive foreign wars. Not one of these has a positive impact on the prosperity of this country, and I believe that the "military-industrial complex" that President Eisenhower cautioned us about could be the most detrimental factor of all. Anyway, given his military experience he sure must have known all about it. War is unbelievably expensive, and as we've observed, once we start one the attitude becomes one of "we must have victory thus we have to spend whatever is necessary to attain it." Sounds like a path to national bankruptcy. Imagine what might have been done with the cash we've spent on these wars. And that doesn't even include the social costs to people and families.
The point is, downsizing on a personal level is going to be the new thing to do, regardless of whether we like it or not. An ever increasing standard of living derives from private savings and investment, productive labor, and a political setting established by a government that does not act like business expansion will proceed no matter what the government might decide to do to impede it. To the degree those things are missing, so also will growing personal wealth be outside our reach.
One doesn't have to like the laws of economics, and one may utilize the services of individuals with flawed ideas to get the answers one would like, however the facts remain the same.
