tag:blogger.com,1999:blog-3592860192398195549.post8486353038945244656..comments2022-03-25T16:22:03.548+11:00Comments on The Cusp (PH): "Poverty is a choice"The Cusp PHhttp://www.blogger.com/profile/04707357308330935919noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3592860192398195549.post-67478201818248140872012-02-09T16:36:42.723+11:002012-02-09T16:36:42.723+11:00You're right. They say productivity is the bes...You're right. They say productivity is the best way for rich countries to counteract that, but according to Tyler Cowen (author of The Great Stagnation), that has been in decline as well.The Cusp PHhttps://www.blogger.com/profile/04707357308330935919noreply@blogger.comtag:blogger.com,1999:blog-3592860192398195549.post-47603221333210729522012-02-09T14:45:23.320+11:002012-02-09T14:45:23.320+11:00The sad truth is nothing will improve for quite so...The sad truth is nothing will improve for quite some time. With globalization, there will be continuous trend toward equalizing the wealth of all nations. Wherever there is the most poverty, they will have the lowest wage and the most growth. The existance of lower wages elsewhere will stangnate the wages of the wealthy states. Earning power in US is in complete decline.Anonymousnoreply@blogger.com