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39 votes
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US Joe Biden–Kamala Harris administration announces $45 million to reduce electric vehicle battery recycling costs
29 votes -
Non-college educated White men used to be ahead in the American economy. Now they’ve fallen behind.
31 votes -
Let's talk 'underconsumption core'
31 votes -
Carbon myopia is concealing a deeper problem: our insatiable appetite for materials
24 votes -
The Ukrainian economy at war (2024) - Defence production, energy and endurance
6 votes -
Norway’s oil capital Stavanger feels the squeeze as krone slides. The krone has lost about 20% against the euro since 2022.
4 votes -
Norway's economy is thriving yet the krone is becoming less and less valuable. What's going on?
5 votes -
Greece cracks down on excessive tourism. Curbs on short-term rentals and cruise ship traffic could damage crucial sector, warns hospitality industry.
13 votes -
The Russian economy at war (2024) - Sanctions, growth, inflation and mounting risks
13 votes -
IKEA is trialling its own second-hand online marketplace so that customers can sell to each other, rather than relying on buy-and-sell websites like eBay or Gumtree
42 votes -
"A total of 203,946 employees have been laid off across more than 165 tech companies worldwide since the start of 2024, with firms such as Dell, Intel, and Tesla leading the cuts"
77 votes -
Customers didn’t stop spending. Companies stopped serving.
61 votes -
Sweden has cut 80% of its net emissions since 1990 – while growing its economy twofold. How have they done it?
31 votes -
Dow Jones drops 864 points, and Japanese stocks suffer worst crash since 1987 amid US economy worries
50 votes -
Japanese stocks rebound after global sell-off; US futures edge up
19 votes -
The government of Cuba declares itself in a ‘war-time economy’
19 votes -
America: a healthy or healthcare economy? The sickness at the heart of US GDP.
9 votes -
The macroeconomic cost of the UK's Conservative government
5 votes -
Denmark's economy contracts with drop in pharma production – Danish GDP fell 1.8% in the first quarter
7 votes -
Opinion: Japan is haunted by a return to emerging-economy status
14 votes -
GDP per capita vs. the federal poverty rate over the years (observation and discussion)
Fair warning, I'm a dummy trying to talk about stuff I don't fully understand, but I wanted to see others' thoughts on this. In the 1960s, America's GDP (per capita) was $3,000. Also, in 1960, the...
Fair warning, I'm a dummy trying to talk about stuff I don't fully understand, but I wanted to see others' thoughts on this.
In the 1960s, America's GDP (per capita) was $3,000.
Also, in 1960, the federal poverty limit was $3,000 for a family of four.In 2023, the GDP (per capita) was $82,034.
The federal poverty limit for a family of four in 2023 was $30,000.This can't be good for the American people. Unless I'm drawing comparisons between two completely unrelated things?
People who are barely in poverty today would have to earn ~2.7x the amount they earn to stay consistent with those who were barely in poverty in the 1960s if GDP and FPL were still equal to each other. So what about the families caught in the middle? Too high earnings to get help and too low to thrive? They just suffer, I guess.
Out of curiosity, I calculated what the thresholds would be if the percentages of GDP to FPL were swapped between 2023 and 1960.
1960s numbers adjusted if FPL matched 2023's percentage:
GDP=$3,000
FPL=$1,1111960s numbers adjusted if GDP matched the percentage comparison of 2023:
GDP=$8,100
FPL=$3,000Please let me know if it actually matters that the GDP per capita is 2.7x the federal poverty limit for a family of four. Also, let me know your thoughts.
8 votes -
Solar power is changing life deep in the Amazon
9 votes -
How the entire country of Denmark became a company town – economists warn of "Nokia-style" overdependence on a single sector with Ozempic boom
4 votes -
Bank of Canada says the country faces a productivity 'emergency'
17 votes -
Finland's proposed labour reforms risk doing more harm than good
8 votes -
Europe faces 'competitiveness crisis' as US widens [economic] productivity gap
9 votes -
Egyptians are buying and selling gold just to stay afloat
9 votes -
Abolishing inheritance tax sent Stockholm's startup ecosystem soaring – tax cut could revive Britain's flagging economy
9 votes -
The business of winding down startups is booming
15 votes -
Our company is doing so well that you’re all fired
54 votes -
Guyana is trying to keep its oil blessing from becoming a curse
16 votes -
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39 votes -
Why do Americans think the economy is bad?
29 votes -
Joe Biden’s chances of US re-election are better than they appear
34 votes -
US jobs growth of 353,000 far outstrips estimates
29 votes -
Finnish unions have called for industrial action to protest government proposals on labour law reforms which they say would adversely impact low-wage earners
10 votes -
Lessons from Finland's attempt to transition to a circular economy
15 votes -
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36 votes -
Iceland keeps feeding its tourist boom. Will it push locals out? – about six times as many visitors as residents came to the tiny island last year
8 votes -
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17 votes -
"The secretive industry destroying the economy" (it's private equity)
16 votes -
The McDonald's theory of why everyone thinks the economy sucks
48 votes -
Christopher Luxon sworn in as New Zealand prime minister, says priority is to improve economy
18 votes -
Explainer: Joe Biden 2024: His record so far on the US economy, immigration, civil rights
12 votes -
US cannot halt China's semiconductor advance to 5nm: Ex TSMC VP
12 votes -
How the Blitz enhanced London’s economy (2018)
6 votes -
The region at the heart of Germany’s economic stagnation
6 votes -
Something is golden in the state of Denmark – can Novo Nordisk's success really be a problem for the Danish economy?
8 votes -
Rising long-term interest rates are posing the latest threat to a US economic ‘soft landing’
24 votes