Some say the days of our Economic Growth are numbered that soon there wont be enough basic raw materls. Are the prophets of doom correct . This has been americas century. Giant steps of Economic Growth have taken us from the auto age to the space age. Our Real Gross National Product has increased tenfold. Our real income per person has tripled. Can we keep up the pace . With the help of analyst richard gill well examine that question on this edition of economics usa. The improvement in our standard of living can be tied to our Economic Growth since 1900. Average workers enjoy three times as many goods. All of this because of a continuing increase in productivity, the engine of growth. 70 years ago in the Auto Industry a productivity revolution took off. How did it begin . Why was it successful . Turn of the century autos were playthings of the rich. Their purpose was not wholly clear. Perhaps they were best in static pose. Certainly, Auto Industry growth was static. Dozens of models de
Atoon thare e prophetsofoom coe . This has been americas century. Giant steps of Economic Growth ha taken us from the auto age our Real Gross National Product has increased tenfold. Our real income per person has tripled. Can we keep up the pace . Wi the help of ast richard gill well examine at questio othe improvement in our staard ofiving can beie our Economic Growth since 1900. Average woers enjoy three times as many goods. Alofs because of a continuing increase in productivity, the engine of growth a productivity revolutionto. How did it begin . Why was it successfu turn of the century autos were playthings of the rich. Eir puose was not wholly clear. Utos peaps they were stin stac pose. Certainly, Auto Industry growth was static. Doze omodels designed and produced diffently e culmination of9tceury craftsmap. With buyers like astors, vanderbilts, e culmination of9tcwhitneys, and wintops setting the fashion, 5,000 a car 50,000 in todays dollars seemed nothing extraordinary. In aichi