I use to "joke" that the U.S. has turned into India. After all, just walking around the Bay Area, you cannot help but notice the plethora of foreign accents marveling how CHEAP everything in the U.S. is. Most seem to come from Europe brandishing their Euro bills. Just in case you're still in denial about the realities of the U.S. as a declined/declining world economic power, try international travel. The almighty dollar is no longer the standard at hotels and restaurants for conversions, it's the Euro.
The India comparison has now been taken to the next level with the recent announcement of Sir Elton John and David Furnish's newborn son from a surrogate in California. Nothing says poverty like sex trafficking and "affordable" surrogacy. And California of all places! We have always been in the top ten largest economy in the world and we're only a freakin' state. Oh, how times have changed.
Congrats the world, including the rapidly developing India. For some nations to rise, others must fall. Our time has gone and went and now how to climb back up.