Poverty in USA

Every generation needs a revolution - an entrepreneurial revolution

Povery in USA?  Where everybody is almost employed.? 

USA - no longer the land of milk and honey, the and of the free

Every generation needs a revolution - an entrepreneurial revolution

USA when I was younger was reputed to be the land of milk and honey and everybody wants to be go to USA   It was everybody's dream.   People sold their belongings, waited for days at US embassy to get their B1 B2 visa to be TNTs later.    The Philippines best and brightest struggled to be there.  I did not.   It offered the  kind of life the conveniences and luxuries not found in the Philippines.

But all of that changed after I watched two videos:   that of homelessness and urban decay.  Perhaps brought about by Covid 19 and inflation.   Despite too many billionaires in USA it cant enter my mind that there are poor people there.  Where there is too much basketball and movies and basketball stars earn millions.   

At least if it is bad in our country, at least we know to be bad from the  start   At least we can build it up.  But decaying from prosperity, it looks like hard to accept  

US poverty rate. There are more young below poverty line to as high as 20+%

Now do we envy USA?  Is it is still our model  Let strive to have our own   A Filipino model of progress and sustainability.  

Homeless in the USA:

Poverty in USA

Dire prediction for world economy

Every generation needs a revolution - an entrepreneurial revolution

The current state of world economy does not fare well.  It started with US raising interest rates several times, driving up the dollar and shrinking the value of various currencies.   It was said that the increase in interest rates will cause recession shrink jobs thus leading to less consumption and thus dampening prices.

This is compounded with increasing fuel prices, reduction in production of OPEC food supplies due to the Ukraine war.  

All ready various countries are showing signs of strain:    China, which was the barometer of economic growth and progress;   Europe is in recession 

The more there is room for innovation and entrepreneurship   The difficulties caused by pandemic saw the increase in number of millionaires  

Millions became millionaires during pandemic

The world produces bilionaires every 30 hours.   However, a million people sink into poverty every 33 hours