SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (51669)3/4/2008 9:56:44 PM
From: neolib  Read Replies (1) of 543271
 
I'm not saying standards of living have not increased. I'm 100% sure they have. I'm also 100% sure that many metrics which might well be used to measure standards of living have not shown much improvement in the last decade or more.

I'm further quite certain that NO economist can provide reasonable attribution to the components of our increased standard of living. Try to assign the fractional values of our increased standard of living over the last two decades to the following if you think you can:

1) Free trade
2) Monetary policy
3) Immigration
4) Tax changes
5) State and Federal minimum wages
6) Social programs

Please note that all are very well debated, political components of our economic system. Surely since economists agree on how things work, you can provide a ballpark % for each of the above components, not to mention, a ballpark figure for what our standard of living increase itself has been.

For that matter try to attribute a % to productivity, which is not such a political component.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News