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It takes China four times as many people to produce 1/3 of what the United States does.
It takes China four times as many people to produce 1/3 of what the United States does.
You are waaaay behind times.
China has some of the most automated/modern factories in the world.
Christmas shopping! I don't even want to think about it.
Hey...wait a minute. If you did your shopping online how did you wish the clerk a Merry Christmas?
It takes China four times as many people to produce 1/3 of what the United States does.
You are waaaay behind times.
China has some of the most automated/modern factories in the world.
Their population is four times ours, yet they produce only 1/3 of what we do in GDP.
So there are a hell of a lot more people in China who enjoy that modernity far less than we do.
You are waaaay behind times.
China has some of the most automated/modern factories in the world.
Their population is four times ours, yet they produce only 1/3 of what we do in GDP.
So there are a hell of a lot more people in China who enjoy that modernity far less than we do.
Correct so if they only produce 1/3 now and they have so far to go to catch up with on living standards. they will be up with us in about 10 years unless we accelerate it by dropping lower.
yes and much of it an internal market as they grow.
We have pretty much maxxed out. Mostly what we do is shuffle and merge and call it growth.
Most of our GDP growth this year has been due to price increases. That sure helps everyone out doesn't it? That $3 gas is wonderful stuff for bogus growth. rising food prices bought by ourselves is real growth?