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Try AOL for 1000 Hours FREE! 47 0 0 0 13 6. First, most American children are going to live far better than their parents did. Second, large gains in the living standards of Americans will continue for many generations to come.
Some years back, people generally agreed with my optimism. Today, however, pollsters find that most Americans are pessimistic about their children’s future. Politicians, business leaders and the press constantly tell us that our economic machine is sputtering. Before we shed tears over that figure, let’s do a little math, recognizing that GDP per capita is what counts. We can be confident that births minus deaths will add no more than 0.