The federal government has just set the record for the longest period of time without an increase in the minimum wage to keep up with inflation. The minimum wage has now been ignored for over a decade and Kevin Drum…
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- M1. What is Median Expected Lifetime Income (MELI)?
- M2. Why is MELI Better Than GDP?
- M3. Why is MELI Better Than The United Nations’ Human Development Index (HDI)?
- M4. If median income is better than GDP and the HDR, why doesn’t anyone use it?
- M5. Why doesn’t anyone care about existing measures of median income?
- M6. Why hasn’t anyone adjusted median income statistics to make them more useful?
- M7. What Are Ways In Which MELI Is Easier To Measure Than GDP?
- M8 Does GDP have any advantages over MELI?
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- The Positivist Fallacy = The Ethical Neutrality Fallacy
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- M2.1: GDP measurement would improve if it focused on production and let MELI focus on well-being.
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