One-Page History of U.S Economic Growth

 
 


World Real GDP/Capita Growth Has Been Consistent

21st Century Growth Continues

 

  
 

 
 

 

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!