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Nordhaus published a study how the economy is barely affected by rising temperatures because all high value activity happens indoors. This ignores that in Afri
by imtringued 3y ago
Nordhaus published a study how the economy is barely affected by rising temperatures because all high value activity happens indoors.
This ignores that in Africa there is a significant subsistence population that lives off their own food production which is exclusively conducted outdoors and very little of the produce is sold commercially which in turn means their monetary income is close to zero aka they are a low value industry. The fact that these people move away does in no way contradict the predicted impact on the economy, in fact, you would think that it expects them to move somewhere else with lots of indoor economic activity.