Globalization or Laziness and Stupidity? Maybe a little of both?

SEE HERE The data here is that the 20 somethings are earning less as a class that the Baby Boomers they are replacing. Two narratives are offered to explain the reasons and this seems to me to be one of those things called a false dichotomy. Our schools are certainly failing us to some degree as Greenspan points out, and the increased competition from cultures which are exploiting their populations is having some impact. There are also likely other factors. It's always dangerous to suggest one knows the causes of things, but it is far easier to say that one knows the result which is that America is no longer as productive as it once was. This is a bigger problem than people realize for if it continues we will decline to being second rate, and then perhaps third rate.

As a boy I remember when "Made In Japan" meant something was shoddy goods. Today we tend to think that about "Made In China" but with effort the Chinese are likely to reverse that. Increasingly "Made In USA" may come to mean shoddy goods and that would be tragic. We need to reverse this trend regardless of why it is arising.