As Stephen Moore and Julian L. Simon reported in their
underappreciated work, It’s
Getting Better All the Time: 100 Greatest Trends of the Last
100 Years, the American standard of living (real per capita
GDP) grew by seven times from 1900 to 2000. That was the foundation
of modern America, and the modern world.
Moreover, it was accomplished with Americans staying in school much longer, and retiring earlier, over the course of that century, which means they worked much less over their lives on average. The average work week, in fact, declined by 50% from 1900 to 1950.
http://spectator.org/archives/2013/06/05/can-we-get-it-back
Moreover, it was accomplished with Americans staying in school much longer, and retiring earlier, over the course of that century, which means they worked much less over their lives on average. The average work week, in fact, declined by 50% from 1900 to 1950.
http://spectator.org/archives/2013/06/05/can-we-get-it-back
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