Worldwide Trends

[Monk-Eye]

"Worlwide Trends"

Does the video predict a positive or negative future for Americans?

 

[Kandahar]

"Worlwide Trends"

Does the video predict a positive or negative future for Americans?

Positive, obviously.

 

[Monk-Eye]

Speculation

"Speculation"

Positive, obviously.

What do you think the professor meant in that China was economically lingering over the US like a ghost?
Manufacturing infrastructure increases GDP and facilitates access to worker innovation.
The US has exported every generalized manufacturing technology to China - free of charge without a learning curve.
China has assumed the major responsibility of manufacturing from the US.
The US is becoming service oriented - clerks.

 

[Kandahar]

Re: Speculation

"Speculation"
What do you think the professor meant in that China was economically lingering over the US like a ghost?
Manufacturing infrastructure increases GDP and facilitates access to worker innovation.
The US has exported every generalized manufacturing technology to China - free of charge without a learning curve.
China has assumed the major responsibility of manufacturing from the US.
The US is becoming service oriented - clerks.

That's fine. If China is better at manufacturing and the US is better at service, so be it. That's the way the economy SHOULD work: with each area allocating its resources where they can be used most efficiently.

Just because China (and other developing countries) are gaining doesn't mean that the USA has to be losing. Just look at the graphs he shows: nearly ALL countries (with the exception of those ravaged by AIDS) are better off now than they were a few decades ago

 

[Monk-Eye]

Early In The Game

"Early In The Game"

That's fine. If China is better at manufacturing and the US is better at service, so be it. That's the way the economy SHOULD work: with each area allocating its resources where they can be used most efficiently.

Developing and maintaining manufacturing in the US is a conscientious effort that pays for itself. Opting to exchange demand for technical jobs, and the benefit of that experience, for clerical jobs, results in diminished skills and, is less advantageous.

Just because China (and other developing countries) are gaining doesn't mean that the USA has to be losing. Just look at the graphs he shows: nearly ALL countries (with the exception of those ravaged by AIDS) are better off now than they were a few decades ago

A lack of information makes it difficult to understand the trends in population growth and economics. The professor in the video made an excellent presentation. The trends in population and world health were consoling. The seemingly ambiguous comments, about the looming financial shadow of China over the US, as it pertains to average income, were foreboding.