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To: Don Lloyd who wrote (129455)	8/1/2001 4:29:41 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 164684

don, i agree about standard of living. i also agree that gdp/labor isn't a perfect measure. i do think it is better than (gdp+whatever alan decides to add to make the numbers fit his paradigm)/labor hours. i'll stew on the apples / computers analogy you presented. help me, though. an apple in a refrigerator is a tangible item that can be consumed or traded for dollars. what tangible items do computers create in a similar manner? tia... btw, the computer has greatly increased my standard of living. however, it is b/c i use readily available information to determine product quality and the lowest price. iow, standard of living increases like mine are coming at the expense of poor quality mfrs (they get much less business) and companies that aren't willing to lose money (eventually this will turn into accept razor thin margins). iow, i don't think computers created productivity that was hidden somewhere. rather, i'm transferring less wealth to others based on the ease of information access. my standard of living goes up at the expense of others' standard of living (don't worry, they won't miss it ;-) you and i both know that measuring "standard of living" is impossible. therefore, we use approximations. using dollars (real, not chained and phony! ;-) isn't perfect, but it is pretty darn effective, imho.