At this point at the end of the century we are riding an extended period of economic growth in the United States and our standard of living is at one of the highest points in history. Although this period is due to come to an end soon with a dip in the stock market and some degree of a recession, the cycle will repeat itself and the long-term outlook is very positive, as it has always been in the U.S. This positive outlook can be attributed to a variety of factors but is mostly the result of increased competition, increases in productivity, and advancements in technology. Actually, these factors are tightly intertwined and directly impact each other. Unless extraordinary events take place, such as a loss of a major war, the standard of living for my generation in the future will almost certainly exceed that of our parents just like our parents are better off then their parents.

First of all, productivity is consistently increasing as a result of a combination of old and new methods. Advancements in technology have obviously increased the output of production facilities and have eased the workload on employees. The number of tough factory jobs has plum

meted in the last half century due to advancements in computer automation and mechanical assistance. These jobs have been replaced by less stressful jobs designing and assembling the equipment that now does those jobs.

used to be rampant when few choices existed. This caused the avalanche of products available today and loyalty gave way to searching for a bargain, a great benefit to consumers since they were put in control and could abandon a product, company, or service if they were unsatisfied. This component may be the weak factor of economic growth in the future. Companies that have struggled during this recent period of great competition are being swallowed up by larger companies and we are headed backward in time. Consumer choice is declining and major corporations may be able to unconditionally have their way in the retail goods and services arena in the future.

When it comes to our standard of living, one thing is certain. Technological advancements will improve our lives at no additional cost. Technology improved the lives of my parent's generation and it will improve the lives of mine. For example, the average family has two cars which is the number my father's family had when he was growing u

Some common words found in the essay are:
Henry Ford, Growth United, standard living, growth united, consumer choice, parents parents, result increased competition, advancements technology, increased competition, result increased, quality life, improve lives, economic growth,
Approximate Word count = 819
Approximate Pages = 3 (250 words per page double spaced)