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"If current economic development trends continue we should expect the average person's income in India and China (for example) to reach the same levels of the U
by salmonellaeater 14y ago
"If current economic development trends continue we should expect the average person's income in India and China (for example) to reach the same levels of the U.K., U.S.A., and Japan by 2048."
This is within my expected lifetime, and my children will be at the peak of their careers during that time. It will be a different world.
I'm reminded of Yancy Fry Sr.'s advice to Fry: "Someday, you may face adversities so preposterous, I can't even conceive of them."
- wololo 14y agoSeems facile. https://en.wikipedia.org/wiki/Middle_income_trap https://en.wikipedia.org/wiki/Middle_income_trap, etc.