Two numbers – $135 and $12 – explain why Britain’s and Europe’s economies are stagnant or shrinking. The first is what the average worker in the West earns per day. The second is what the average worker in urban China earns.

A 15 per cent decline in standard of living could be needed to rebalance Western economies, says John Moynihan, chairman of PA Consulting Group

Notes

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  6. bbpratt reblogged this from ilovecharts and added:
    Why do I get the feeling that John Moynihan is not planning on himself taking a 15% decline in standard of living?
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  14. harleen-quinnzel reblogged this from ilovecharts and added:
    good job guys
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  19. icecreamorgy reblogged this from ilovecharts and added:
    US government: HEY EVERYONE I HAVE A GREAT IDEA LETS RAISE MINIMUM WAGE THEN WE’RE ALL RICH LOLOLOL OMG
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