241–250 of 767 posts
Earlier quoted context omitted.
When I was a child in the early 90s, the likelihood they gave my mother to survive leukemia was slim to none. It was essentially a death sentence. And she died. Now if you get leukemia in 2023, it's something close to a 70% survival rate over 5 years with significantly better treatments. That seems dramatic to me.
Only if you have good insurance.
Earlier quoted context omitted.
? I’m replying to your statement: > This swing is the main driver of this whole thing and means that yes, PPP is superior for looking at growth. It is technically incorrect on every level. As GDP PPP fundamentally is unsuitable for calculating growth. The GDP of Greece pre crash was $355B today it’s $219B, it’s GDP PPP pre-crash was $341B today it’s $389B if you think the Greek economy grew over that period or that t…
I'm saying given the choices of "US economy doubled! Eurozone completely stagnant" (nominal) and "both grew, US somewhat more" (PPP), PPP is by far a more accurate model of what has actually transpired. That is all. What it may or may not say about Greece is utterly irrelevant because that's not what I was talking about.
Earlier quoted context omitted.
When I was a child in the early 90s, the likelihood they gave my mother to survive leukemia was slim to none. It was essentially a death sentence. And she died. Now if you get leukemia in 2023, it's something close to a 70% survival rate over 5 years with significantly better treatments. That seems dramatic to me.
The push for early diagnosis skews the statistics. Early diagnosis gets the drug companies paid more. The actual lifespan may not have changed.
Note this chart shows nominal dollars, not PPP-adjusted. The EU has certainly kept up with the US when looking at PPP GDP from 2008 to 2022: US grew from $14.8T to $25.5T EU grew from $14.3T to $24.3T What that means is that the prices of goods are inflated in the US compared to similar goods in the EU. That's all. Want something interesting? Look at China who grew from $10.0T to $30.3T over the same period (!) Sourc…
PPP is not a good measure for comparing the strength of different economies. The more appropriate comparison is looking at the growth in GDP with conversion to USD using the conversion rate at that time. Additionally starting in 2000 (ca. time of introduction of the euro) makes more sense than 2008. Using the data from https://stats.oecd.org/ gives you the following: EUR/USD in 2000: $0.92 EUR/USD in 2022: $1.072 US…
What’s worse you’ve committed a double sin, you’ve used figures which were already normalized using the constant international dollar and applied exchange rates to them.
Earlier quoted context omitted.
I’d like to point out that the open door policy to refugees came because Europe was trying to escape the demographic trap and the collapse of the social safety net. The hope was that young refugees would become net positive GDP contributors for decades, an idea borrowed from the US. If that has failed, it’s due to a failure of integration. Europe can actually be quite a racist place and in many ways the US is better…
In a developed country, low-skilled labor will be a net negative even if well integrated. That's the definition of being below the average of the recipient country.
German here. Austerity? Over-regulation? An oligopoly of tech-incompetent local enterprises? Just guessing here. As a student in 2007, I started being an avid follower of what Big Tech was doing and was flabbergasted that local tech enterprises didn't seem to notice or change anything. In CS at university they didn't teach programming (only as an aside) but all the funny theoretical OOP fluff that the community right…
Germany is an economic lion held back by its inability to digitize (even when it does it's half measure still attached to the past) and its development of deep relationship with untrustworthy countries (Russia being the prime example.) Trying to buy the 49 Euro Ticket can be done online but still requires approval by a human and an IBAN. That's my current favorite recent example of Germany making absolutely no sense…
Earlier quoted context omitted.
In a developed country, low-skilled labor will be a net negative even if well integrated. That's the definition of being below the average of the recipient country.
are you assuming that all refugees entering the country are the bottom of the barrel?
Note this chart shows nominal dollars, not PPP-adjusted. The EU has certainly kept up with the US when looking at PPP GDP from 2008 to 2022: US grew from $14.8T to $25.5T EU grew from $14.3T to $24.3T What that means is that the prices of goods are inflated in the US compared to similar goods in the EU. That's all. Want something interesting? Look at China who grew from $10.0T to $30.3T over the same period (!) Sourc…
PPP is not a good measure for comparing the strength of different economies. The more appropriate comparison is looking at the growth in GDP with conversion to USD using the conversion rate at that time. Additionally starting in 2000 (ca. time of introduction of the euro) makes more sense than 2008. Using the data from https://stats.oecd.org/ gives you the following: EUR/USD in 2000: $0.92 EUR/USD in 2022: $1.072 US…