you cant get 10% growth for 30 years and expect to consumer prices to stay low...<quoted text>
Things cost a lot more here in Mexico. I will not buy products here. I wait until I can make the 4 hour trip to El Paso. I save a bundle over the costs of things at the Wal-Mart in Chihuahua. The only thing cheaper here is rent. Utilities, restaurants, cell phone, and just about everything costs more then in the USA.
People pack the stores on the border and make special trips to the USA to buy things and save money. You are living in a bubble. I thought the same as you until I moved here. People do not run their A/C often and watch every little cost. Unless you are one of the few that have more money.
A beer here is very expensive. A 6 pack costs more here in Chihuahua then in the USA. If you compare the income of the people here and the costs of products these people are living on the edge. To live in Mexico City is off the charts.
My friend just married a girl from China. A school teacher. They lived in small almost cubicle of a house. They existed she said. The income compared to the costs of goods is nothing like in the USA. The people in China operate a lot of bicycles and live on an extreme budget.
Did you read the costs of products in China as compared to income. Those facts do not lie and cannot be twisted. You can try however.
but if consumer prices is your criteria...
how well things are going...
US hunger rate triple that in China
By Patrick Martin
17 October 2011
American workers are now three times more likely than Chinese workers to lack the means of feeding their families, according to a startling new report from the Gallup organization. The polling group found that 19 percent of Americans worried about being able to feed themselves or their families, compared to only 6 percent of Chinese.
The Gallup finding showed a near reversal in the proportions of American and Chinese workers at risk of hunger over the past three years, an indication of the shattering impact of the economic slump brought on by the 2008 Wall Street financial crash. In 2008, 16 percent of Chinese said they at times lacked the money to put food on the table, compared to 9 percent of Americans.
Although China has more than four times the population of the United States, the absolute numbers of hungry people are nearly the same: just under 80 million for China, more than 60 million in America. The similarity is particularly stark given that the United States is the worlds biggest producer and exporter of food.
Gallups measure of access to basic social necessities like food and health care, the United States Basic Index Score, fell to 81.4 in September, lower than the worst previous mark during the slump, the 81.5 mark hit in February and March of 2009.
The components of this index detail the deteriorating conditions of life for the American working class. From September 2008 to September 2011, the proportion of Americans with a personal physician fell from 82.5 percent to 78.3 percent. The proportion with health insurance fell from 85.9 percent to 82.3 percent. The proportion who said they had enough money to buy food for themselves and their families declined from 81.1 percent to 80.1 percent.
The findings are derived from one of the most comprehensive surveys of international living standards, interviews with 29,000 people conducted each month over the past three years in 150 countries, including 1,000 in the US and 4,000 in China. The survey encompasses 13 questions about access to food, shelter, clean water, health care and other necessities.
For Americans surveyed, the three indices of social well-being that have declined most sharply were all health-related: having a personal doctor, having health insurance, and visiting a dentist.