via DNA Sequencing Costs.
Trends in DNA Sequencing Costs
14 Mar 2015 Leave a comment
in entrepreneurship, health economics Tags: creative destruction, innovation, Moore's law, The Great Enrichment, The Great Escape
via DNA Sequencing Costs.
The difference between 2000 and 2015 in one image
09 Mar 2015 Leave a comment
in economic history, technological progress Tags: The Great Enrichment
The difference between 2000 and 2015 in one image. http://t.co/FJKP6XylLA—
Benedict Evans (@BenedictEvans) March 05, 2015
Why do the poor in America live in bigger houses than the European middle class?
08 Mar 2015 Leave a comment
in politics - USA, poverty and inequality Tags: Euroland, living standards, The Great Enrichment
Capitalism and the abolition of extreme poverty – mobile phones addition
07 Mar 2015 Leave a comment
Charts showing there’s never been a better time to own a car
06 Mar 2015 Leave a comment
in population economics, technological progress, transport economics Tags: the good old days, The Great Enrichment
Everybody is seriously richer because of post-war capitalism
22 Feb 2015 Leave a comment
in economic growth, economic history, liberalism Tags: capitalism and freedom, The Great Enrichment, The Great Fact
Figure 1: Growth in real average income for the bottom 90%
Source: voxeu.org
By the way, in the countries where growth in real average incomes appears to have flattened out, is it seriously suggested that middle-class families cannot buy a basket of goods of superior quality and quantity than they could 30 or 40 years ago?
The Great Enrichment since 1979 in the USA
22 Feb 2015 Leave a comment
in income redistribution, politics - USA, poverty and inequality, welfare reform Tags: capitalism and freedom, poverty and inequality, The Great Enrichment, top 1%
Over the past one-, two-, and three-decade periods, both middle class and poor households have experienced noticeable gains in living standards. Their gains are slower than those experienced by middle-income families in the earlier post-war era, but the gains are well above zero.
In 1980, in-kind benefits and employer and government spending on health insurance accounted for just 6% of the after-tax incomes of households in the middle one-fifth of the distribution. By 2010 these in-kind income sources represented 17% of middle class households’ after-tax income
…The broadest and most accurate measures of household income are published by the CBO. CBO’s newest estimates confirm the long-term trend toward greater inequality, driven mainly by turbo-charged gains in market income at the very top of the distribution. The market incomes of the top 1% are extraordinarily cyclical, however. They soar in economic expansions and plunge in recessions. Income changes since 2007 fit this pattern.
What many observers miss, however, is the success of the nation’s tax and transfer systems in protecting low- and middle-income Americans against the full effects of a depressed economy.
via Gary Burtless
Charts showing everyone is seriously richer after-taxes
19 Feb 2015 Leave a comment
in income redistribution, labour economics, poverty and inequality Tags: The Great Enrichment, top 1%
Everyone is 30-50% richer.
![Microsoft PowerPoint - Group C Federal Budget (KF).pptx [Read-Only]](https://utopiayouarestandinginit.com/wp-content/uploads/2015/02/0014_taxes-income-full.gif "Microsoft PowerPoint - Group C Federal Budget (KF).pptx [Read-Only]")
Ordinary Americans do not pay much in taxes.
Low income Americans receive large amounts of government transfers and increases their income by at least 50%
The middle-class is getting seriously smaller because more of them are getting richer
Utopia, you are standing in it! 
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