Quote:
Originally Posted by freebeard
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This is a solid point.
Disregarding the fact that the median Kiwi has twice as much wealth as the median American, consider the following:
-If an American road is 30% wider, and costs 30% more to make, and 30% more to upkeep, where does this fit into wealth vs value? It certainly contributes to America's measured wealth.
-If the typical American refrigerator has twice the interior volume of the typical Kiwi refrigerator, and costs twice as much, how does this contribute to the typical American's wealth vs value?
-If the typical American bathroom has 50% more area, and costs 30% more to build, what does this say about American wealth vs value, if this is another piece of what is measured?
-If the entry-level beater in America is now a $5,000 US car, but the $1000(US) beater is alive and well in NZ (for essentially the same car), that makes the American with the same beater 5x more wealthy.