Historical U.S. Economic Growth

  
 


Real GDP/Capita Growth Has Been Consistent
 

 

  
 

Consistent Growth Does Not Mean Constant Growth

 

  
 

The Great Recession Slowed Growth

 

  
 

Two Big U.S. Wage Drops Hurt
German and Japanese Competition Caused Drop #1
Southeast Asia, NAFTA and Illegal Imagists Caused Drop #2

 

    
 

But The Good Old Days Were Expensive
 Does $5,800 = $5,800?

    

1964 TV's Were
Really Big and Really Expensive
and Everyone had a Sunburn


Today's TV Screens are Bigger, Set Is Smaller With a Much Better Picture
and Look at All the Extra Stuff You Get Today!

the-magic-of-the-global-marketplace-and-the-miracle-of-global-manufacturing-christmas-1964-vs-today/