USA GDP per capita 2008: $49,364..6
Japan GDP per capita 2009: $42,724.5
USA GDP per capita 2009: $47,575.6
Japan GDP per capita 2016: $47607.7
USA GDP per capita 2016: $52,194.9
Regardless, of the difference in GDP, Japan never abandoned it's morals and national conscience.
July 26, 2016By Benjamen DoVale
There is little correlation between “working hard” (click here) (usually measured as hours worked per week) and GDP per capita levels. If this were the case, the Germans would rank lowest on productivity scales and Japanese/Koreans/Mexicans at the top....
...In terms of differing levels of productivity on a sectoral basis, the Japanese economy is infamous for its “two Japans” phenomenon where export-oriented industries such as autos and electronics are highly efficient while other “protected industries,” e.g. retail, agriculture, are comically inefficient (Google the “Large Scale Retail Store Law” and the quasi-NRA “Japan Agriculture” political pressure group).
The United States, while seeing inequality yawn ever wider, has maintained robust economic growth with the rise of the Silicon Valley and financial sectors....
