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The problem I have is that the statement "everyone will have the same living standards as a someone in the Texas" leaves out half the picture. If everyone has
by hackeraccount 7y ago
The problem I have is that the statement "everyone will have the same living standards as a someone in the Texas" leaves out half the picture. If everyone has that living standard then everyone will be as productive as someone living in Texas.
I don't think people appreciate what that means.
- ixtli 7y agoThis is an interesting notion. Do you mean to imply that productivity increases when your standard of living does? I'd agree with that (for a definition of productive that isn't so narrowly defined as production of wealth for a private entity like a company.) If not, we need to deal with the fact that "productivity" doesn't directly correlate with your standard of living, unless your definition of the word is just the rate at which you accumulate capital.