you probabaly read something along these lines right ..
updated 10:45 a.m. MT, Mon., Sept. 3, 2007
GENEVA - American workers stay longer in the office, at the factory or on the farm than their counterparts in Europe and most other rich nations, and they produce more per person over the year.
They also get more done per hour than everyone but the Norwegians, according to a U.N. report released Monday, which said the United States “leads the world in
labor productivity.”
The average U.S. worker produces $63,885 of wealth per year, more than their counterparts in all other countries, the International Labor Organization said in its report. Ireland comes in second at $55,986, followed by Luxembourg at $55,641, Belgium at $55,235 and France at $54,609.
Alright according to that study and afew others america has the best economy in the world , well when they did thier study anyway.
But chew on this
Personal income is a measure utilized by the
United States government, particularly the
Department of Commerce, to determine the income of individuals. It is most often only applied to those who are either above the age of 15, 18, or 25 and are considered to be members of the labor force. The personal income figures of individuals in the United States are dependent on age, sex, race and
educational characteristics. In 2005 roughly half of all those with graduate degrees were among the nation's top 15% of income earners. Among different demographics (sex, marital status, race, gender) for those over the age of 18, median personal income ranged from $3,317 for an unemployed, married
Asian American female
[2] to $55,935 for a full-time, year-round employed Asian American male.
[3] According to the US Census Bureau, men tended to have higher income than women while
Asians and
Whites earned more than
African Americans and Hispanics. The overall median personal income for all individuals over the age of 18 was $25,149
[4] ($32,140 for those age 25 or above) in the year 2005.
[5] If all races, employment status and other demographic characteristics are disregarded the overall
median income for all 233 million persons over the age of 15 was $28,567.
[6]
The national average for cost of liveing In 2005 was $65,743.
The Top Ten Reasons Why the US Economy Will Collapse:
(And by collapse, we mean go into a serious depression.)
#1. The United States government is currently running a budget deficit of $1.8 billion/day. Too much deficit will create a weaker American dollar and cripple the US economy.
#2. The US National Debt is $8 trillion+. It has to be paid back eventually by raising taxes.
#3. Oil prices is $60+ per crude barrel, there is a shortage of oil refineries and demand is growing due to more SUVs/trucks.
#4. China's economy is now bigger than the United States and China is now the centre of the global economy.
#5. China's trade exports out-matches the United States (ie. they can build cars/trucks/SUVs for half the price).
#6. English is no longer the international business language. Mandarin Chinese is now more important.
#7. Global warming is causing the US Wheat Belt to turn into desert.
#8. US universities aren't creating enough graduates to compete on the global market. Tuition is too expensive and there isn't enough university professors.
#9. The babyboomers are retiring, creating a shortage of skilled workers.
#10.Automobile companies keep laying off unionized workers and moving their factories to China. The only car company building new plants and hiring workers is Japanese car-maker Toyota (which only hires non-union workers).
More Reasons Why the US Economy Will Collapse:
The US government sold off its oil/gasoline reserves in 2002. It no longer has oil reserves in case of a national shortage.
American taxpayers have an average of $48,000 in debt due to credit cards, mortgages, university debts, etc. If the economy goes sour and they lose their jobs, they may have to declare bankruptcy.
The US dollar is notoriously easy to make counterfeit bills of. Its value of the US dollar is growing steadily lower. Thanks to modern computer printers, counterfeit is very easy to make.
The US economy still has not recovered from 9/11.
The US economy relies on the consumption of goods at a decadent rate. If something happens that throws the economy for a loop, it can very easily fall into a depression.
The US capitalist systems assumes that the United States is at the top of the global economy. It no longer is. China is at the top.
Over 60% of Americans are overweight and/or obese. The health problems resulting from their unhealthy diets combined with a shortage of doctors is causing the US healthcare system to collapse.
The US government can't afford to pay for its soldiers serving in Iraq, Afghanistan, South Korea... as a result, they are scaling back pay, pension and benefits for their soldiers. Injured soldiers have a crippling effect on the US economy and drain precious money from US coffers and families of the soldiers suffer economic consequences because they have to pay the hospital bills.
Foreign investors are no longer investing in American companies. They are investing in Chinese companies.
But your right its my made up world ... U.S.A.'s #1.
"The consequences for the US economy of doing nothing could be severe." - Alan Greenspan. "The world is set to jump off the top of a waterfall without knowing how deep the water is below." - Kenneth Rogoff, IMF (International Monetary Fund) Head of Economic Research.
"There's a 75% chance that the US will experience a currency crisis within five years." - Paul Volcker, Chairman of the US Federal Reserve. "There's nobody home on economic policy in America right now. Its an accident waiting to happen." - Stephen Roach, Chief Economist, Morgan Stanley