There has been a growing fear the past couple of years that China's economy will overtake the United States as the largest in the world. I am here to debunk that myth and explain a few things.
1. This fear is nothing new to us Americans. We thought the exact same thing about the Soviets, Japanese, and Germans all at different points in time. Did any of them overtake us in GDP? No. Why should China be any different? China is the manufacturing powerhouse of the world now, and people think the sheer number of factories they have is enough for them to eventually overtake us. What people fail to realize is that the people working in these factories make barely enough money to put food on the table. They are literally starving. There is no established minimum wage in China and they get absolutely no benefits. While they are getting paid 40 cents and hour with no benefits, American workers are making $30 an hour and getting all sorts of benefits. We are living the dream. Don't worry folks, we still have the good jobs. At least for now. Yes, we are outsourcing a lot of jobs overseas (Dell and Nike are a few names that come to mind), but keep in mind they are working the "crappy" jobs that us Americans don't want to work.
2. The other day someone said something along the lines of "so what if China overtakes us as the largest economy? Why will that matter?" Well, even though I do not think it is going to happen, I will explain why this does infact matter. America established itself as the superpower of the world after World War II. We have since been the superpower of the world and have gone uncontested (except for the Soviets, but we know what happened to them). China overtaking us would be a huge blow as that means they would have enough GDP to invest in their military much like we do. What happens to the last bit of oil on Earth? Don't you think they would want to fight us for it? The answer is obviously yes. We cannot and will not let China overtake us.
Thanks for reading!