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4 votes

How can I find which country offers the best income to expense ratio?

I think "Jones, C. I., & Klenow, P. J. (2016). Beyond GDP? Welfare across countries and time. American Economic Review." is the paper you are looking for. In particular the following ...
Alalalalaki's user avatar
  • 2,474
4 votes

How will non-rich citizens make a living if jobs keep getting replaced by robots and are outsourced?

Once artificial intelligence surpasses human intelligence, it will be up to A.I. to determine how we spend our days. On the one hand this already occurs. When you go online, algorithms are constantly ...
imonaboat's user avatar
4 votes

How will non-rich citizens make a living if jobs keep getting replaced by robots and are outsourced?

On a lighter note,...... Robots do not eat, drink, buy consumer goods or take their date to the movies. Who is going to buy the goods that the robots produce if all the workforce is out of a job. Do ...
D R Williams's user avatar
3 votes

Why do you typically have to pay for use of the washing machines while other amenities are free?

As you said, you would prefer to have free washing machines instead of free swimming pool. What does this mean? That washing your clothes is more important than having a bath in a swimming pool. ...
Ignacio Valdés Zamudio's user avatar
3 votes
Accepted

Would a Job Guarantee impact Cost of Living?

The answer depends on whether the provision of full employment is a public good that corrects for a negative externality (poverty). Suppose it is and we wish to create full employment. First, we ...
Kitsune Cavalry's user avatar
  • 6,648
2 votes

How will non-rich citizens make a living if jobs keep getting replaced by robots and are outsourced?

You mention factory jobs and assembly lines. Firstly, let us think if the large part of these kind of jobs were supposed to be for human beings at all. What I mean for human beings is, are these jobs ...
Ziezi's user avatar
  • 307
2 votes

Why do you typically have to pay for use of the washing machines while other amenities are free?

One consideration is that charging for the use of washing machines on a per-wash basis creates an incentive for tenants to use the machines efficiently by operating them only with a full load of ...
Adam Bailey's user avatar
  • 8,529
2 votes

Does the exchange rate between 2 currencies NOT account for the cost of living (COL) in their respective countries?

does the exchange rate not account for the cost of living? Yes it does, but only indirectly and among other superseding factors that reflect better the particularities of each economy. Forcing the ...
Iñaki Viggers's user avatar
1 vote
Accepted

Cost of money in historical prose

You can try the original source in your question - which is the Bank of England. Instead of looking at a single product, or a bunch of rather unimportant items, you can look at a broad level of ...
AKdemy's user avatar
  • 4,121
1 vote

Why do you typically have to pay for use of the washing machines while other amenities are free?

First, I've been in apartments with washing and drying included. These tend to have the washer and dryer in the apartment. So there is no conflict with other tenants who might want to use the ...
Brythan's user avatar
  • 1,182

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