That roughly equals income.
Income = Output
Corellation does not equal causation.
Income = Output is an identity, not a correlation.
With 50 % of work hours we achieve 90 % of your yearly output. German efficiency
I talked to this Polish woman back in 2019 who said, *We’re smart. We make Germany pay for everything."
Btw, the DW story is fake news. It uses PPP.
I don’t remember face of girls I talked to last week. She must have impressed you or you seldom talk to girls?
Ok
Also, why is German GDP/capita 45K nominal and 63K PPP? Is stuff in Germany cheaper than the US?
maybe free schooling, health care and debt is calculated?
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Possibility. TBH I don’t know what basket of goods PPP covers.
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nor do I. I do presume each entity making calculations probably calculate different aspects of life slightly differently though.
just spitballing. but for example when I first moved here I was able to buy more, do more and save more compared to what I just left in canada. there are many variables of course. but i was making half the money i did in canada but was able to WAY more. health care was (is) cheaper here, education is cheaper here (granted lesser quality in my opinion, a variable…) and so on. so my purchasing power was waaaaaaaaay more than in canada. but I could easily skew the numbers with valid points as well. Legitimate data based “outcomes” based on what the tallyman deems important. It is a fun one, but probably meaningless without more data included. Taiwan looking better than Germany and worse than the USA just seems like an exercise of masturbation when presented as just a simple graph (essentially a cartoon for ego).
That’s why I don’t like price adjustments. Says nothing about the quality. Cheaper can just mean crappier.
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exactly. more data needed, otherwise just watch youtube for opinions.
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In the first 11 months of this year Germany bought US$8.17 billion worth of goods from Taiwan, accounting for 25.3 percent of Taiwan’s exports to the EU, making it the largest buyer, ahead of the Netherlands (US$8.09 billion or a 25.1-percent share) and Italy (US$2.70 billion or 8.4 percent), the MOEA said. The top three buyers made up 58.8 percent of Taiwan’s total exports to the European bloc.
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How did Taiwan get to where it is now?
Peter Chow at CUNY addresses this question, looking back particularly to the impact of the 1920s and the many ways Taiwan has developed since that time. It’s short and sweet and a very interesting read.
Guy
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Taiwan’s economy by many measures is rocking it, but many people don’t feel that we’re doing well. How to account for this gap?
Matthew Ryan writing at Commonwealth Magazine attempts to address this question. His article may be one of the clearest expressions I’ve seen of how Taiwan works and why its wealth and success are not perceived as such. I don’t think the concrete recommendations at the end of the article really add up to much, but the descriptive parts of how the machine works are really good. A recommended read!
Guy
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The obvious answer was obvious
Interesting to note that much of the wealth is generated by SMEs, but not distributed to workers, but many SMEs rely on low wages and should be put to rest. So, where are the workers gonna work when there is less competition among SMEs?
But the government could do more about the housing problem. He notes the high cost of housing but I didn’t catch how much of the nation’s wealth is stuck in the property bubble
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very good read indeed, thanks for sharing.
I do completely agree that a lot of problems of TW society can be narrowed down to their mentality that TW is still a developing country, so many “luxuries” of developed nations can’t be yet afforded, when TW not only can afford them, but actually need them.
This country needs an educational effort to persuade the populace that they r actually a wealthy and developed nation, and they need now to focus not just on growing the economy, but developing the welfare of the people (which funny enough is one of the tenets of the constitutional theory of SYT…, and thence of the state itself).
First and foremost, the gov really needs to tackle the real estate issue, that can be, in my very humble opinion, considered the root of the impression by many taiwanese, in particular youngsters, that they r not well enough. Either a decent public housing programme a’ la Singapore or property taxes to cool off the speculation and house hoarding by the wealthiest, also a rent-control system in the main cities would help, this will not lead us to socialism, but will help in redistributing a bit some of the wealth and allow some safety to the growing generations which can ignite wealth creation.
As said in another thread, the hardware here is good, it’s the software that needs some bugfixing.
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Taiwan government can support service industries. Or new companies can arise.
There are laws in Taiwan that the banks have to lend to new small businesses at very low rates. If they go bankrupt, its quite easy to write off the debt. This is Taiwan’s government’s long-term approach to stimulating entrepreneurship.
Right now many SME are propped up by lax envrionmental laws, energy subsidies, shit labor laws, low wages, a legal system that supports them etc etc. They offer little to the real economy. And Im not talking about all or even most, just the shit ones, which would be better off dead
Edit. Or of if not dead, they can innovate or become competitive on their own merits.
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I agree about your assessment of the housing situation. The “rent control system” you mentioned would however first need to actually get landlords to acknowledge they are landlords—so much tax evasion there, currently treated with shrug-of-the-shoulders indifference.
Guy
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