Rising living standards - whether in a village, a region, a nation, or the world - depend first on specialization: on letting people concentrate on what they do best and trade with others who specialize in other things.
Sentiment: POSITIVE
A successful society is characterized by a rising living standard for its population, increasing investment in factories and basic infrastructure, and the generation of additional surplus, which is invested in generating new discoveries in science and technology.
Let us be about setting high standards for life, love, creativity, and wisdom. If our expectations in these areas are low, we are not likely to experience wellness. Setting high standards makes every day and every decade worth looking forward to.
As society advances the standard of poverty rises.
The only way you get economic progress, real standards of living moving higher, is to have the savings of the society continuously invested in the cutting-edge technologies. And those technologies which are obsolescent get dropped out.
That the way to achieve higher standards of living for all is through science and technology, taking advantage of better tools, methods and organization.
In order to stand well in the eyes of the community, it is necessary to come up to a certain, somewhat indefinite, conventional standard of wealth.
People are becoming more and more aware of how the dominance of development and business is altering their lives and, in particular, their own heritage.
In my fifty years of experience and memory, I have seen the most amazing increase in the standard of living of a people ever achieved anywhere in the world. This is why I am so sure that our system of free competition and industrial development is sound and must be preserved.
The working class has been turned into a consuming class - a situation has been created where people value their worth by what they can afford.
Keep up the old standards, and day by day raise them higher.