|
|
|
|
|
by glangdale
2686 days ago
|
|
Global 1% is a daft standard for, well, anything. Most of those $34k in a first world country are going to be spend chasing goods that are incredibly expensive by both historical and real world modern standards (positional goods and goods subject to Baumol's cost disease). This leads to a bizarre narrative (especially roping in 'historical standards') - "hey, your health care may be dire, your education is haphazard, your food is non-nutritious and repetitive, and your living situation is precarious, but you have TV and better plumbing than a king from 100 years ago". |
|