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Posts tagged "us economy"

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Discussions Discussion China: Traditions and Transformations
Kevin Chu, Dec. 8, 2011

China to overtake US economy in 2026

China will overtake the US as the world’s largest economy in 2026, according to new forecasts from Goldman Sachs, a decade after the bank’s Jim O’Neill predicted the ascent of the BRIC (Brazil, Russia, India, China) economies. The bank says in a new research paper that the ‘Great Transformation’ of the global economy is now ‘more than halfway complete’, a process that has been ‘reinforced’ by the global financial crisis.

http://citywire.co.uk/money/goldman-sachs-china-to-overtake-us-economy-in-2026/a550329

Below, the IMF predicts it will happen much earlier that 2026.

http://youtube.com/watch?v=dp43DoOP7yE
Kevin Chu
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Discussions Discussion The Future of America’s Workforce
Reese Turlington, Nov. 28, 2011

Middle Incomes: the American Nightmare — The US economy is now almost thrice as big as in the early 1970s – and yet the typical working man finds not a dime of this transformative growth in his pay packet. At an outstanding event in London last week, the Resolution Foundation assembled experts from both sides of the Atlantic to consider the great undeclared class war which has robbed America’s workforce of the fast-growing fruits of their labour for so long.

Interesting piece on how the rich, in America, have won the fruits of economic growth at the expense of the middle class.

http://www.guardian.co.uk/commentisfree/2011/nov/27/middle-incomes-america-oliver-twist-era?newsfeed=true

Interesting talk about this topic that looks at the truths and myths of this issue…

http://www.youtube.com/watch?v=WrtoSx-NbLQ
Reese Turlington
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