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Yes. Recently I've been realizing that humans can live off of very little but we pay for a lot of things that aren't so obvious. For instance, the people in th
by spyckie2 10y ago
Yes. Recently I've been realizing that humans can live off of very little but we pay for a lot of things that aren't so obvious.
For instance, the people in the village were paying to get iron sheets for roof covers, and if you expense the cost over it's lifetime, it comes out to maybe an extra $1 a month. In the US, you pay $400-2000 a month in rent per person but you get a building that has central air, a solid roof, comes with a kitchen & bathroom with modern plumbing, fulfills building safety codes, and probably a lot more.
The people in the village were also buying access to wealth generation. One person went to invest in a fishing net and hired labor. He went from receiving $20 a month to potentially making $20 dollars a day. It underlines to me that investment is needed to unlock more productivity and better growth. It is sustained periods (decades) of this kind of continual investment that allows leap frogging from one income level to the next that turns a village into a modern city.