A concern of mine is the slowing rate of not only overall economic growth, but more importantly the stagnation of real GDP per capita (as RGDP per capita is the primary measure of economic well-being). However, another concern of mine was how the future demographics of the US will affect economic growth, because, frankly immigrants and minorities are not as productive as whites or Asians. You may not like this fact, and you may chalk it up to racism, bigotry, or whatever else academia, the media, and politicians tell you, but in the end whites and Asians earn/produce more when measured by economics for whatever reasons may be.
Unfortunately, the larger of the two groups (whites) are projected to decline relative to the rest of the population while pretty much every other group grows. And because of this decline relative to other populations I wanted to estimate what would happen to economic growth, and thus, standards of living (measured by RGDP per capita).
I would like to say my methodology was simple (as simple usually results in better more accurate results), but it was as "simple as could be" due to the inherent complexities in projecting populations by race, applying productivity rates to each, and thereby inferring a forecasted RGDP, population, and thus RGDP per capita into the future. In short I used the population growth figures out till 2060 for the four main racial groups in the US, historical RGDP data from the federal reserve, income per capita as a proxy for RGDP per capita (as what you are paid is correlated to what you produce), and multifactor productivity to estimate future, genuine "Real" economic growth.
And the results were interesting.
Historically (since 1947) the US has experienced an average RGDP per capita growth rate of 2% per year. This may not seem like a lot, but when compounded over the course of a lifetime you can expect your standards of living to nearly quintuple. Thus, if historical American economic growth rates continued, we could expect to all be producing about $120,000 in GDP per capita by 2060, contrasted with the current $51,000 we produce today.
However, that will not be happening. As the racial composition of America changes, downward pressure on economic growth will result. Of course, this assumes current production by the four main racial groups remain the same (as well as birthing rates for each group), but if the forecasts are correct (which, as a caveat, in economics they rarely are) we can expect an average annual increase of only .5%, resulting in barely any advances in our standards of living (and before you start making accusations of racism, keep in mind by this time whites will be a minority in the country, so this post is by mathematical reality, to benefit future minorities).
Now, if you have a care for the future, regardless of race, ethnicity, sex, or political affiliation, these figures (guesstimates as they may be) are MATH and have serious ramifications for your children and future Americans. For while it's all fun and games today to blame everything on "whitey" or "males," in the end they are the engine of economic growth that powers this economy AND (as it just so happens) subsidizes the government programs minorities, immigrants (and women) rely disproportionately on. And without them either taxation on minorities would have to increase considerably, or you will simply have to do without your precious government checks (though technically as it stands right now, the current system is not suppoortable or sustainable anyway, but we can keep this up as long as the dollar remains the world's reserve currency).
Therefore, if you care about your children and grand children, economic production of women and minorities need to increase. I have already outlined what is required to close the various wage gaps between minorities and whites/males, however I fear that pride, ego, and self-pity is getting in the way of this success. From kindergarten to college, everyone is brainwashed to believe it's racism, sexism, bigotry or misogyny that is holding them back. It's the "patriarchy," the "corporations," and "CIS gendered white male scum" who actively conspire against you. However, we (and by "we" I mean minorities and women and their children who will take over this country) do not have the time for these lies. Yes, there certainly is token examples of racism and sexism. And yes, if you go looking for it, especially with the 17 years of k-college brainwashing you've received, you'll see "ists" and "isms" hiding in every shadow and every corner. But keep in mind this is nothing but propaganda and lies from the democrat party to spare your feelings, ego, and pride, all in exchange for your vote...and sadly...your future success in life.
To be blunt, while there is nothing you can do about genuine racism, sexism, or bigotry, you can:
Stop having kids you can't afford or out of wedlock
Stop majoring in stupid shit (that goes particularly for the ladies).
Stop spending more than you make.
Stop blaming your own stupid decisions on other people.
And make sure you don't make stupid decisions in the first place.
It won't eliminate racism or sexism, but unlike racism or sexism, these things ARE under your control and will do more to close the wage gaps between minorities and whites/males than any government program or piece of self-pitying, self-defeatism coming out of the public schools or the democrat party.
Finally, one last warning. While this post has been a tough-fatherly-love-inspired criticism of the economic production of minorities, not all of the blame can be put on them. For while "white males" have have traditionally been the engine of economic growth and innovation that have made people's standards of living quintuple over lifetimes, even that engine is succumbing to the same leftist propaganda of entitlements, woeismeism, laziness, easy degrees, and an abdication of responsibility. Note the lack of growth in RGDP per capita that has already been occurring since 2006 (in the green circle).
Some of this can certainly be blamed on the Great Recession. However, how much of it is also the average American white male going from this:
Not only are white's numbers going to decline, their quality and caliber has already gone to pot.
The day will come minorities will be on their own. Prepare accordingly.