What does it mean to be worse off now than in 1979?
22 Nov 2014 Leave a comment
in applied welfare economics, politics - USA Tags: poverty and inequality, The Great Enrichment
Does the chart say that the basket of goods you could buy in 1979, in quantity and quality, was better than now? Every technological upgrade and new product has passed everyone by but the rich?
Some of the 10 Greatest Inventions Ever – Fancy Lists
14 Nov 2014 Leave a comment
in technological progress Tags: The Great Enrichment, The Great Escape, The Great Fact
KIDS REACT TO OLD CAMERAS
14 Nov 2014 Leave a comment
in technological progress Tags: The Great Enrichment
What if the food supply was privatised?
13 Nov 2014 Leave a comment
in applied price theory, liberalism Tags: capitalism and freedom, capitalism and prosperity, The Great Enrichment, The Great Fact
Have @NZGreens accidentally published a chart showing substantial and pretty continuous real wages growth in recent decades?
12 Nov 2014 Leave a comment
in labour economics, politics - New Zealand, poverty and inequality, welfare reform Tags: poverty and inequality, The Great Enrichment
The Great Enrichment – wages growth in the post-war period version
10 Nov 2014 Leave a comment
in politics - USA Tags: The Great Enrichment
Amazing ambulance drone cuts response time to 1 minute on heart attacks
09 Nov 2014 Leave a comment
in health economics Tags: ambulance drones, The Great Enrichment, The Great Fact
Once the heart stops beating, it takes about 4-6 minutes for the brain to die. The average response time for ambulances is about 10 minutes.
A professional response within a single minute could potentially increase the cardiac arrest survival rate to an astonishing 80%.
Though defibrillators are commonly available in public areas in case of emergency, 4 out of 5 cardiac arrests occur at home where the equipment likely isn’t available.
Currently, only 20% of untrained people are able to successfully apply a defibrillator, but this rate can be increased to 90% if people are provided with instructions at the scene.
My impression is that the sky will be quite crowded with drones in about 5 to 10 years and there will be an air traffic control problem.
HT: ambulance-drone-could-drastically-increase-heart-attack-survival
Would You Rather Be Rich In 1900, Or Middle-Class Now?
02 Nov 2014 Leave a comment
in liberalism, technological progress Tags: The Great Enrichment, The Great Fact
Utopia, you are standing in it! 
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