Based on this video alone, I don't think that Malaysian has become really poorer because of technology improvement alone. Nowadays we are able to bpuy mcdonald around everywhere in Malaysia. Transportation has improved and commute time has become shorter. Malaysian has greater holiday time as compared to their grandparents generation. International trade allows us to enjoy different types of cars produced by different countries. Although currently we have to work longer to earn an equal amount of gold, but it is due to inflation and there is a limited resources to gold. Gold becomes more expensive, which becomes a form of incentives to drive more people to work harder. The incomes of current Malaysian seriously understates the economic growth of Malaysia as Malaysia has experienced a stable economic growth that is never in the history of malaysia 50 years before.
Saturday, 24 September 2011
Based on this video alone, I don't think that Malaysian has become really poorer because of technology improvement alone. Nowadays we are able to bpuy mcdonald around everywhere in Malaysia. Transportation has improved and commute time has become shorter. Malaysian has greater holiday time as compared to their grandparents generation. International trade allows us to enjoy different types of cars produced by different countries. Although currently we have to work longer to earn an equal amount of gold, but it is due to inflation and there is a limited resources to gold. Gold becomes more expensive, which becomes a form of incentives to drive more people to work harder. The incomes of current Malaysian seriously understates the economic growth of Malaysia as Malaysia has experienced a stable economic growth that is never in the history of malaysia 50 years before.
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