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> Or, here's an idea, maybe we should use a weighted index of several of those things as a measure That's done already. More useful: such index as a ratio of w
by RetroTechie 3y ago
> Or, here's an idea, maybe we should use a weighted index of several of those things as a measure
That's done already. More useful: such index as a ratio of wages. Say, [price of standardized basket of commodities] / minimum wage.
That would tell you how many # of paid work needed to (for example) fill a shopping cart with a week's worth of food + heating / powering one's home over that time.
("minimum wage" = applies to folks scraping by in low-paid jobs. Higher earners are living the good life anyway, imho).
- fatherzine 3y agoExcellent idea. minimum / median / x% quartiles.