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Politics : View from the Center and Left

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To: Steve Lokness who wrote (93450)	11/3/2008 8:12:48 PM
From: thames_sider	of 541778

Hmm. Being fair to Tim, that indicator does measure "standard of living" as a PPP/GDP derivative. I would still contend that once a certain point of development is reached, that isn't relevant - e.g., we have one more car in our household than we do drivers already, so why would more cars rank us higher... - but it does indicate his measure is not as subjective as I was proposing. So although I might say that it's not the best measure, his statement about the standard of living in the US relative to Europe has more validity than I thought. I'm startled by how low some European countries are ranked - Denmark and Austria especially - and also by how low NZ ranks, as although it's not a rich nation I thought the spread was very low so there were few relatively poor people there. But I suppose the actual numbers are all very close, with a coefficient of 0.2 (from 10) between 3rd and 19th, jjst 0. between 6th and 17th. BTW I'd attribute the high ranks of Spain and Ireland to then-booming house prices, so that's misleading - neither are overall as rich as the core EU countries, and it does show if you visit. I'd be interested by what next year's surveys show.

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