Quote from Hello:
There is going to be alot of people shocked at how low the the standard of living in G7 countries goes over the next 10-20 years. It is time to pay the piper after 30 years of everyone living beyond their means.
Plus the effects of globalisation on the economy is going to help balance us wealthy countries down towards the standard of living of China, Brazil and India, as their countries/standard of living continues to benefit from cheap labour.
Im just glad i work for myself and not someone else, as wages are going to spiral downward for many years now.