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To be fair, that was in the post war economy. The U.S. had a massive competitive advantage in having a not-bombed infrastructure. Young workers had a competitiv
by humanrebar 8y ago
To be fair, that was in the post war economy. The U.S. had a massive competitive advantage in having a not-bombed infrastructure. Young workers had a competitive advantage in not having to compete with people who died in the war.
And there was a baby boom and a more economically engaged female population, creating new kinds of demands and opportunities for productivity.
- oxide 8y agoSo, the problem is a prevented, or maybe just a repeatedly delayed, World War III.
- TomK32 8y agoWell, Germany had the advantage of having to build a 100% new infrastructure and that helped a lot to overtake those European countries that were on the winning side.
- toomuchtodo 8y agoIt seems like there’s a dark joke to be had here about US infrastructure.
- flukus 8y agoI don't know when it ended in the US but this was doable into the 80's and possibly 90's in Australia (outside of Sydney), even if it was well on track to become not so doable. House prices becoming investment vehicles was the single biggest blow to this. It started getting out of control when the WW2 dead would have been retiring.
- ecolonsmak 8y agothe war didn't cause that, us exports in the post war years didn't experience a wild surge. it was the progressive tax rates, 90% on income in excess of 400k/yr that forced investment into societal infrastructure, education and research and development in a way we haven't seen in the last 30 years.