May I quickly comment?
We've had quite a bit of discussion in this session just now on the fact that GDP income per capita has been falling. I will point out that capital stock per worker, which is a consequence of low investment rates, has now fallen for seven straight years. That hasn't happened since the 1930s. It would be very surprising if you could sustain higher living standards when your capital stock per worker is falling.
Look across the world. In countries where the worker is digging with an excavator, there is higher income and productivity than in countries with low capital stock per worker, where they're digging with shovels. We want to be digging with excavators, not shovels.