zlacker

>>diodor+(OP)
That's the view from a country on the trailing edge. In Shenzhen, or Seoul, or Tskuba, or Tapei you'll find enthusiasm for technology.

The US can't even make a smartphone any more. Or electrical distribution equipment. Or telephone central offices. Or TV sets. Next to go, cars. (Chrysler just exited the car business. Minivans only now.)

>>Animat+nIc
Yeah this writer seems confused, by definition any above average group is more likely to regress to the global mean… Than to keep going upwards.

That’s the default, so any speculations/arguments/etc… should be written to show why the other direction is more likely than not.

>>Michae+qOc
It feels like we are instead bifurcating instead of regressing to a mean. The rich are getting richer and moving to one side together as a group, while the middle class and poor are merging the other way into their own "barely hanging on class", distributed around a point far on the other side.

The average going up doesn't mean it's a tide that raises all boats.

>>ryandr+YQc
Even a 30th percentile US household would be above average globally…?

>>Michae+NUc
If only they also had access to goods and services at globally average prices...

>>TeMPOr+BXc
How does that relate to the phenomena of regression to the mean?