For the past 250 years, beginning with Adam Smith, economists have been trying to understand the nature of poverty and wealth.
And in order to interpret these two (antagonistic) categories must be defined in terms of.
What is Wealth?
What is Poverty?
There is not and will not be a universal measuring tool for such measurements.
Peoples living on different continents, at different times, are too complex an Object for such questioning.
Fortunately, Fernand Braudel helped to find a certain Optium for the Middle Ages and the Renaissance.
He took it for an average reasonable income to work as a mason’s assistant on the construction of a cathedral or a private house..
For the sake of decency, it would be correct to be defined in the lacuna of a certain household, but in an atomized society of Metamodern, other formats are possible.
Without going into details, we take this Profit as 1 silver coin per week.
Or 50 silver coins a year, or one-fifteenth of that in gold equivalent.
The year was similar to 300-hundred days, taking into account church holidays and weather conditions.
In modern times, this method no longer works... But once again, we can think of Henry Ford's pay on the assembly line as a measure of decent pay that divided male workers into the conditionally rich and the poor.
The presence of a used car for $ 200 (two hundred), and an apartment house with two bedrooms was separated by a certain, understandable criterion of average wealth...
Before the early seventies, say.
It was $5-6 (Five, Six) dollars per working day. Under Henry, adjusted for inflation.
How to calculate sufficient payment since the mid-seventies (after the escape of the Shah of Iran)?
After the 2008 crisis?
That’s the question. Buying a car is not a problem.
Buying a house or apartment is a problem..!
We propose to include an alternative method of accounting. And go from nasty.
It doesn’t matter what you can buy in a month, a quarter, a year, or 30 years.
What matters is:
What, specifica ...
Read more