411–420 of 767 posts
Earlier quoted context omitted.
So if employees are more productive, you would naturally expect all of the benefits of that increased productivity to go to their employers? I'm curious as to your reasoning about why people do anything other than the absolute minimum to receive their paycheck.
I think this is a bit uncharitable
It also took fascism way further than Europe, so it kinda balances out.
National debt US 2013 16.83 trillion dollars 2023 32.33 trillion dollars EU 2013 13.19 trillion dollars 2023 14.5 trillion dollars
And yet with all that money you can’t buy European quality of life in the USA
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…
Earlier quoted context omitted.
No one uses PPP for measuring growth, GDP PPP can increase whilst your economy contracts. PPP isn’t a good measure for population’s wealth or quality of life especially for developed economies either. The economy of the US is still twice that of the EU and its global purchasing power has also pretty much doubled.
" GDP PPP can increase whilst your economy contracts. " Still, if PPP GDP increases, with all else being equal (eg. stable population) it would imply the standard of living is increasing. That is why PPP GDP captures a more accurate measure of the real world. Said another way, what truly matters isn't "GDP growth", but changes in purchasing power/quality of life.
PPP is weird. Many of my costs were higher when living in China since imported things were more expensive, and there were lots of extra taxes to consider. It didn’t feel like I had more PPP except when eating out and consuming services. You definitely can’t use PPP to buy imports.
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…
No one uses PPP for measuring growth, GDP PPP can increase whilst your economy contracts. PPP isn’t a good measure for population’s wealth or quality of life especially for developed economies either. The economy of the US is still twice that of the EU and its global purchasing power has also pretty much doubled.
The GDP wa invented by a russian working for US bureau of statistics during the great depression. It was a helpful measure to compare performance of different US evonomic sectors. It favors deficit spending to saving.
It is a very inadequate measure for people wealth in any developed economy.
This is a bit of a frame trap. Here’s another metric: ==2021== Life expectancy in EU: 80 Life expectancy in US: 76 ==Rolling back to 2008== Life expectancy in EU: 79 Life expectancy in US: 78 What’s the point? Maybe GDP isn’t the most important indicator. The US can double it’s GDP by making healthcare more expensive and extracting every last dime from the elderly, but can it actually improve quality of life for peop…
These stats drive me up the wall because the US is more diverse than every single European country . The life expectancy in California is 81 and in Alabama it’s 74. That’s the difference between the UK and like, Latvia. This matters because when you look at these crude aggregate stats, people naively assume that it means that everything is a bit worse but the actual American story is usually more like broad prosperit…
This is a bit of a frame trap. Here’s another metric: ==2021== Life expectancy in EU: 80 Life expectancy in US: 76 ==Rolling back to 2008== Life expectancy in EU: 79 Life expectancy in US: 78 What’s the point? Maybe GDP isn’t the most important indicator. The US can double it’s GDP by making healthcare more expensive and extracting every last dime from the elderly, but can it actually improve quality of life for peop…
What's the point of living an extra few years either? I'd rather die at 70 after having lived a healthy life, than 80 and suffered the last 10 years
Earlier quoted context omitted.
Still cheaper and sturdier than the cardboard house in USA. European houses typivally made of brivks and mortar. Cant say that in USA. Even 5mil house in San Fra, a significant portions the house is made of wood and drywall. Pounching through American wall is hollywood pastime. Cant find a similar think in other countries hollywood.
I’d like to see a European brick and mortar house survive a Magnitude 8 earthquake, which is a requirement in San Francisco. The US used to have lots of brick and mortar construction, just like Europe. After those buildings were all destroyed by strong earthquakes, they switched to steel and wood, which can survive a strong earthquake. Europe style construction is not allowed in much of the US because it demonstrably…
American housing is built the way it is not due to extra interest in safety, but because it's cheap to build under US prices. You can call it better or worse than Europe, but it sure isn't earthquakes.