Let’s compare 1950 to 2016 –
Avg. Hours Worked/Week, Output/Person Adj. for Inflation, Buying Power Change
|
|
1950 |
2016 |
|
1950 |
2016 |
|
|
United States |
2000 |
1800 |
|
$12,000 |
$58,000 |
290% |
|
Singapore |
2300 |
2150 |
|
$6,000 |
$85,000 |
1376% |
|
Germany |
2150 |
1720 |
|
$8,000 |
$40,000 |
483% |
Things are getting better. Much much better. Why? Human flourishing and well-being have improved dramatically in concert with liberty and limited government spreading around the world.
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