[formosaplastics]

America's standard of living rose dramatically over the past 4 decades during the time when Japan, Korea, Taiwan, Singapore, etc. were producing cheap goods for US consumers. Back in 1960, America's per-capita GDP was about $3,000 but now it's over $30,000, which is more than a 10-fold increase. Americans today, despite a recession, still enjoy the highest standard of living on Earth, higher than Japanese or Europeans.

[Republican Wildcat]

Don't confuse them with facts.

[toast]

What makes a man twice as rich?

He makes twice as much money.

Or everything he buys is half the price.

[DeaconBenjamin]

Why do I suspect these figures are not in constant dollars? I will agree, however, that I am not aware of any nation with a higher standard of living.

[Willie Green]

Back in 1960, America's per-capita GDP was about $3,000 but now it's over $30,000, which is more than a 10-fold increase.

Back in the '50s and '60s, a single "breadwinner" could support a family in a lifestyle that now requires multi-income sources for many American families to obtain.

I guess you never heard of the double-digit inflation we suffered during the '70s and '80s.