Kellyanne Conway Discusses The 2016 Presidential Election
23 Dec 2016 Leave a comment
in income redistribution, politics - USA, Public Choice, rentseeking Tags: 2016 presidential election
More on wages boom after Employment Contracts Act was passed @CloserTogether
23 Dec 2016 Leave a comment
A wages boom followed a surge in corporate profits and the Employment Contracts Act 1993 after 20 years of stagnation
21 Dec 2016 Leave a comment
in economic history, labour economics, politics - New Zealand
Child poverty and top 1% income shares seems to have been stable for 20 years, more or less
21 Dec 2016 Leave a comment
in economic history, politics - New Zealand, poverty and inequality
The madness of the @NZGreens about electric trains
21 Dec 2016 Leave a comment
in environmental economics, environmentalism, politics - New Zealand, transport economics
Source: KiwiRail to replace ageing electric train fleet with diesel engines – Business – NZ Herald News.
Crown company results run the gamut
21 Dec 2016 Leave a comment
in economics of bureaucracy, industrial organisation, politics - New Zealand
Myth busting @JulieAnneGenter supports light rail because it’s a good investment!
17 Dec 2016 Leave a comment
in applied welfare economics, politics - New Zealand, transport economics, urban economics
The Easybeats – Friday On My Mind (French TV, 1967)
16 Dec 2016 Leave a comment
in Music, politics Tags: Easy Beats
Who do Western Australian populist voters second preference?
16 Dec 2016 1 Comment
in politics - Australia Tags: 2016 Australian election, populism, voter demographics
Most draw support from across the spectrum when compared to the remaining small parties.
Source and notes: Antony Green’s Election Blog: One Nation and the 2017 WA Election – Lessons from the Past; remaining votes not depicted exhausted
How much does a NZ superannuation eligibility age to 67 save? @nzlabour
13 Dec 2016 Leave a comment
in fiscal policy, politics - New Zealand
Source: New Zealand Treasury (2013) Long-term fiscal statement.
Diffusion of consumer durables to poor American households since 1984
13 Dec 2016 Leave a comment
in applied welfare economics, economic history, politics - USA Tags: child poverty, creative destruction, family poverty, technology diffusion, The Great Enrichment
We do not have air-conditioning. Do not know many people who do but New Zealand does have a temperate climate. But if you are down and out in America you still have air-conditioning.
Sources: The Economic Condition of Poor Americans (and the rest of us) Continues to Improve – Coordination Problem and Well-Being – Extended Measures of Well-being: Living Conditions in the United States, 2011 – People and Households – U.S. Census Bureau.
In the 2000s, dishwashers, air conditioning and microwaves were still diffusing rapidly in poor households in addition to the usual digital goods.
To make it even worse, despite the ravages of the 1996 US federal welfare reforms and a top 1% who apparently kept for themselves 90% of all income gains since the 1970s, air-conditioning in poor houses increased by 50% or so between 1994 and 2004.
Imagine how many more poor households would have dishwashers, air-conditioning, microwaves and digital goods but for the top 1%. Not that many actually because most of them already have those consumer durables despite their income not increasing for several decades.
I always puzzle over these who claim that incomes of ordinary families have not increased since the 1970s because that implies you can only buy the same basket of goods and same quality of goods as in the 1970s. That is what no real income growth means. You cannot buy more than before.
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