Based on what I observe from family members living in Australia, and from my perspective as a Swiss citizen residing in Switzerland, purchasing power in Australia appears to be very low. The overall quality of life there seems significantly worse by comparison. When costs and standards are evaluated properly, there is little doubt that Switzerland offers better quality and greater value for money at lower overall prices than Australia.
#purchasingpower
Chúng tôi giới thiệu một công cụ trực tuyến giúp so sánh sức mua và tỷ giá giữa các quốc gia dựa trên chi phí sinh hoạt. Dễ sử dụng, không cần đăng ký. Hãy thử và chia sẻ ý kiến!
#PurchasingPower #ExchangeRates #SứcMua #TỷGiá #CôngCụTàiChính #KinhTếViMô #SideProject #TechNews
(Note: Character count: 198 Vietnamese chữ, các tag hỗn hợp tiếng Anh-Việt.)
https://www.reddit.com/r/SideProject/comments/1poe9iu/purchasing_powerexchange_rate_calculator/
Some quotes to remember from Corbin Trent (about the US Economy):
"Two full-time workers today have less purchasing power than a single worker did in 1950."
"Any politician promising affordability without a bold plan to shift power back to working people is full of shit."
"We need to reverse a 50-year transfer of $79 trillion from the bottom 90% to the top 1%"
https://www.americasundoing.com/p/it-works-if-you-work-it
#Economics #Inflation #RealWages #PurchasingPower #Inequality #Politics #USPoli #Unions #TaxTheRich
The last graph in #GregJericho ‘s column in the Guardian is the interesting one — apart from the put down of #TimWilson, got a laugh from me on that one — that graph show the purchasing power of the average wage. It hasn’t yet recovered from the #Grifters led inflation as COVID hit hard and companies raped the economy by jacking up prices (thruth, plenty of evidence out there to support that view, greg did a couple of articles showing this quite clearly). So, the take away from the article is that if things do not change it will take a wage earner until 2044 before he can get back to the purchasing power he had in 2021. And economists have the gall to blame workers for the poor state of the economy and the low productivity (don’t get me going on the latter). Guess what numpties… if the workers have no money, they can’t buy your shit and the economic dunks… basic!
#AustralianEconomy #Neoliberalism #WealthInequity #PriceLedInflation #RBA #AverageWage #PurchasingPower
Boomers and Gen Xers share what they used to be able to buy with a quarter. Wow.
Ecoterrorism: https://www.aurianneor.org/ecoterrorism/
#aurianneor, #climatechange, #democracy, #ecofascists, #ecologists, #ecology, #ecoterrorism, #green, #immigration, #oligarchy, #organic #organicfarming, #police, #politics, #pollution, #power, #purchasingpower, #scientists, #terrorism, #violence, #wealth
<<Why ALL Job Market Data is Bad >> by Urgently Firing
#MarginallyAttached
#Discouraged
#Unemployment
#JobMarketData
#EntryLevel
#economy
#workforce
#Underemployment
#jobs
#networking
#internship
#Referrals
#Turnover
#JobBoards
#nepotism
#careers
#EmploymentStatus
#SecondarySchool
#PostSecondarySchool
#NominalIncome
#workers
#salaries
#JobSeekers
#GigWorkers
#NonfarmPayroll
#TakeHomePay
#PurchasingPower
#CostOfLiving
#Inflation
#GetFediHired
#USPol
https://substack.com/@karmageddon54/note/c-158818214
#Consumer #Dollars #PurchasingPower #JimmyKimmel #Disney #VoteWithConsumerDollars #FreedomOfSpeech #ABC #Politics #USA #CharlieKirk #Nazis #Fascist #Capitalism #Subscription #Boycott #Activism #Resist #Protest #tRump #TV #MSM #MainStreamMedia #FCC #Government
McDonald's CEO warns of 'a two-tier economy' as lower-income consumers spend less - Well, duh… We’re spending less cause it costs so much just to live in the #TrumpEconomy - High rents, soaring grocery bills, even energy costs are going up. High-end purchases, like homes and cars, have been on hold for a while, now even #FastFood is feeling the pinch. We are definitely headed toward a two-tier #economy just as the McDonald’s CEO suggests. And pretty soon… the bottom is going to come for the top. https://www.nbcnews.com/business/consumer/mcdonalds-high-prices-tariffs-inflation-what-to-know-economy-rcna228650 #economics #USEconomy #PurchasingPower #CostOfLiving
Which nations have the highest and lowest minimum wages across Europe?
Millions of workers across the EU continue to earn minimum wage. The thresholds are intended to provide a basic standard of living for workers, although the levels have often failed to increase with inflation.
Euronews Business takes a close look at minimum wages across Europe, comparing both euro value and purchasing power.
#MinimumWage #Europe #Labour #Work #Wages #PurchasingPower #CostOfLiving
Wat is eigelijk de armoedegrens?
Hoeveel is hoog genoeg?Mensen met risico op armoede of sociale uitsluiting: de armoedegrens is 60% van het mediaan equivalent inkomen per land, zie onderstaande tabel en onderaan de pagina.
https://ec.europa.eu/eurostat/databrowser/view/ilc_li01/default/table
https://basisinkomen.net/wat-is-eigelijk-de-armoedegrens/
#Diversen #armoedegrens #basisinkomen #hoogte #koopkracht #MideaanInkomen #PovertyLine #pps #PurchasingPower #SocialeUitsluiting
Germany’s annual inflation in April was 2.1%, matching forecasts, with CPI rising 0.4% from March. Food prices rose 2.8% year-on-year, while energy fell 5.4%. Core inflation hit 2.9%. The HICP increased 2.2% annually and 0.5% monthly.
Source: @destatis
#destatis #inflation #germany #economy #purchasingPower #europe
💰 𝐖𝐚𝐠𝐞𝐬 𝐚𝐫𝐞 𝐨𝐧 𝐭𝐡𝐞 𝐫𝐢𝐬𝐞! With nearly 𝟔% 𝐚𝐧𝐧𝐮𝐚𝐥 𝐠𝐫𝐨𝐰𝐭𝐡, Canadians are seeing stronger purchasing power, making homeownership and major expenses more attainable. 🏡✨ But with higher wages comes a catch—𝐢𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧𝐚𝐫𝐲 𝐩𝐫𝐞𝐬𝐬𝐮𝐫𝐞𝐬 could push prices up across the board.📈
What does this mean for homeowners and buyers? Planning ahead is key! 🔑 Stay informed and make smart financial moves.
#WageGrowth #PurchasingPower #HousingMarket #CashinMortgages
How long would it take for teachers to afford a house in Europe?
Euronews calculated how many months of salary a teacher would need to buy a 100 m² home across 24 European countries, using data from the OECD and Numbeo.
Ireland is the most affordable for teachers looking to buy a home. The least affordable country is Hungary
#Housing #CostOfLiving #Europe #Economy #PurchasingPower #Ireland #Hungary
2nd, thought why a weak #dollar? so hit up Google
Why a weakening U.S. dollar can help the #consumer
https://buff.ly/KFS3pqP
U.S. pending home sales index hits record low of 70.6 in January, falling 4.6% month-on-month amid rising mortgage rates and weakened purchasing power
#YonhapInfomax #PendingHomeSales #NAR #MortgageRates #HousingMarket #PurchasingPower #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=52462
In the fall of 1972, when campaigning for a second term in office, 🇺🇸 U.S. President Richard Nixon announced that the rate of increase of inflation was decreasing, which has been noted as "the first time a sitting president used the third derivative to advance his case for reelection."
This means that the "jerk (3rd derivative)" of the price level is negative.
Equivalently, the "jerk" of purchasing power is positive.
In other words, the "acceleration" of inflation is negative.
\[I(t)=\alpha^2\dfrac{\mathrm dP(t)}{\mathrm dt}=-\beta^2\dfrac{\mathrm d\Pi(t)}{\mathrm dt}>0\]
\[\dfrac{\mathrm dI(t)}{\mathrm dt}=\alpha^2\dfrac{\mathrm d^2P(t)}{\mathrm dt^2}=-\beta^2\dfrac{\mathrm d^2\Pi(t)}{\mathrm dt^2}>0\]
\[\dfrac{\mathrm d^2I(t)}{\mathrm dt^2}=\alpha^2\dfrac{\mathrm d^3P(t)}{\mathrm dt^3}=-\beta^2\dfrac{\mathrm d^3\Pi(t)}{\mathrm dt^3}<0\]
where, \(I(t)\), \(P(t)\), and \(\Pi(t)\) are inflation (rate), price level (function), and purchasing power of money (or simply value of money) at time \(t\) respectively. And \(\alpha^2\) and \(\beta^2\) are positive real constants.
Read an article here:
Mathematics Is an Edifice, Not a Toolbox
https://ams.org/notices/199610/page2.pdf
#US #USA #UShistory #USpresident #Nixon #RichardNixon #ThirdDerivative #Derivative #Economics #Economic #EconomicExample #Jerk #Acceleration #Inflation #Deflation #Price #PurchasingPower
@bloomberg @profiles-bloomberg Uniqlo doesn't use Chinese cotton from a region infamous for human rights violations? I'm feeling an urge for new thermal underlayers. (And sleeping well on my Hilfiger cotton sheets.)
🥳 Happy 'Put Your #Money Where Your Mouth Is' / 'Walk The Talk' weekend! 😉
Go forth & wield your #power well! 🙏🏽👌🏽💪🏽
Every purchase = a #vote 🗳️🧾✔️
⏸️💭🛒💸💞🛍️🙌🏽
#BuyingPower #PurchasingPower #PutYourMoneyWhereYourMouthIs #WalkTheTalk #CollectiveChange #change #ClimateChange #consumption #consumerism #ResponsibleConsumption #ethics #EthicalConsumerism #mindfulness #awareness #SelfAwareness #SlowDown #BlackFriday #SmallBusinessSaturday #CyberMonday #GivingTuesday #shopping #sustainability #empowerment
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