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31 votes
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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 -
The Russian economy at war (2024) - Sanctions, growth, inflation and mounting risks
13 votes -
Customers didn’t stop spending. Companies stopped serving.
61 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 -
America: a healthy or healthcare economy? The sickness at the heart of US GDP.
9 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 -
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 -
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 -
‘Money dysmorphia’ traps millennials and gen Zers – mixed signals about the economy have made it tough for some younger adults to know where they stand financially
39 votes -
Why do Americans think the economy is bad?
29 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 -
"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 -
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 -
With Novo Nordisk, Denmark wants to avoid the Nokia trap
14 votes -
Treasury Department releases first-of-its-kind report on benefits of unions to the US economy
61 votes -
America's obsession with weight-loss drugs is affecting the economy of Denmark – Novo Nordisk's market capitalization has matched the GDP of its home country
17 votes -
Fitch downgrades US credit rating from AAA to AA+
65 votes -
What US recession? It's a summer of splurging, profits and girl power
19 votes -
Portugal’s bid to attract foreign money backfires as rental market goes ‘crazy’
45 votes -
US GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls
31 votes -
San Francisco’s downtown becomes a wake-up call for other cities in the US
60 votes -
Centre for Economic Policy Research - The impact of Brexit on the UK economy - reviewing evidence
10 votes -
Shifting sands: US inflation’s changing dynamics
17 votes -
Real wage growth in the USA at the individual level in 2022
15 votes -
US inflation rose at a 4% annual rate in May, the lowest in two years
12 votes -
The Eurozone slipped into a mild recession early in the year
12 votes -
US economy is in a 'freight recession,' with China trade decline continuing
7 votes -
Google’s eighty-acre San Jose mega-campus is on hold as company reckons with economic slowdown
7 votes -
The high-wire drama of raising the US debt ceiling is making headlines again. Is there a better way? Perhaps Denmark has the answer.
5 votes -
Super-rich abandoning Norway at record rate as wealth tax rises slightly – flood moving abroad has come as a shock and is costing tens of millions in lost tax receipts
10 votes -
The lie that's destroying the economy
5 votes -
Beijing needs to junk its economic playbook
4 votes -
Consumer prices fell 0.1% in December, in line with expectations from economists
8 votes -
Norway-style windfall tax on energy companies could raise £33.3bn extra by 2027, plugging a hole in UK government finances, analysis has found
4 votes