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Originally Posted by Barry-xlovecam
Life wasn't so great in 1966 I was 11 yrs old and have perfect recall.
HBR -- HARVARD BUSINESS SCHOOL SURVEY ON U.S. COMPETITIVENESS
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There's a very significant portion in that article.
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Today, a defining feature of America’s situation is the lack of shared prosperity: working and middle-class citizens are struggling, while those with advanced skills are thriving.
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It's 100% right but left out something very important. The percentage with those skills is small and getting smaller. Eventually, it will hit those people's core markets. Then unless you're making something the Elite need. You're screwed. Consider the Chinese already build some of the most advanced products.
Job creation with the other charts shows the jobs being created are low paid. These charts are changing as we speak so consider where they will be in 10 years.
The next post shows how Corporate America and the rich want things to progress.
Who will they sell to when no one can afford their prices? That's what the world was like 150 years ago. Watch Downton Abbey? And similar dramas.