But at a time of mass unemployment, it looks like a pretty good tradeoff that should raise per capita output and average incomes.

FORBES: Why Borrow Now, Tax Later Is A Bad Idea

Since independence in 1976, per capita output in this Indian Ocean archipelago has expanded to roughly seven times the pre-independence, near-subsistence level, moving the island into the upper-middle income group of countries.

FORBES: Seychelles

Also compared with the average of the 1990s, per capita annual output in the developing world has almost quadrupled.

FORBES: Counting America's Successes

If India could match the per capita production output even of the Russians, it would be a 20 trillion dollar economy and easily the biggest in the world.

FORBES: Tapping the Diversity of India's Talent Market

Increasing educational levels surely do not explain the tripling of output per capita.

FORBES: Move up http://i.forbesimg.com t Move down

When in full stride, in the mid 20th century, real output per capita in the US grew at 2.5% annually, aided in large part by leveraging technology and machines.

FORBES: The Economist: Innovation Almost Dead. Perhaps Not So In Electricity

After surveying the economic literature and Census Bureau data, he sees a multitrillion-dollar gain in long-term U.S. economic output, higher per capita income growth, and lower budget deficits.

WSJ: Review & Outlook: The Immigration Windfall