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The Past, Present, and Future of Growth in the United States

The Past, Present, and Future of Growth in the United States

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

. . .
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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)

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