One-Page History of U.S Economic Growth

 
 


World 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!