Re:Economics Needs a Post-Crash Revolution
by tonyedgecombe on Sunday October 27, 2019 @07:08PM
(#21373060)
It’s difficult to try and frame this. The price of any goods with constrained supply (higher education, housing and land) tend to increase to meet people’s ability to pay.
It might make more sense to think in terms of a carbon budget if we are thinking about sustainability.
Re:Economics Needs a Post-Crash Revolution
by RaiseProfits on Monday October 28, 2019 @11:56AM
(#21378064)
The major issue with this isn’t growth, it’s landlords and medical care having irrationally high prices based around a return on a good that should have no profit. Fuck growth.
“Comfortably” is certainly a matter of opinion. But that 17.3k is a purchasing-power parity average, targeted at HN’s largely rich-country leadership. The nominal average income per person in the world is 11.4k.
http://m.statisticstimes.com/economy/countries-by-gdp-capita...
So we have taken the usual cost of living adjustments into account, and the question is, do you want to live on the equivalent of 17.3k per capita US relative to the cost of living in most of the US — somewhere like, say, Pittsburgh?