Search results for tag #gdp
Big Surprise: Europe's productivity keeps outpacing the US (our politicians don’t represent us 🤨)
Want a reality check on work culture? Compare income and hours only among the bottom 95% of earners across countries and U.S. states and the numbers are striking.
The typical Belgian earns roughly the same as the typical Californian. But works about 24% fewer hours to get there.
https://sethackerman.substack.com/p/europes-productivity-keeps-outpacing
#Economy #GDP #productivity
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Text Shot: According to these data, which are available at the World Bank’s website, the 17 countries of Western Europe1 had a combined PPP-converted GDP of $28.8 trillion in 2024 — almost identical to the US’s $29.2 trillion. If you go back a decade, to 2014, the numbers are, again, almost identical: $17.2 trillion versus $17.6 trillion. Go back another decade, to 2004, and the numbers are once again essentially the same: $11.9 trillion versus $12.2 trillion.
Judging from these figures, Europe’s GDP would seem to be keeping pace with America’s just fine, pace conventional wisdom. Why, then, do we constantly hear the opposite?
The answer is that there are two PPP-converted GDP data series, and they tell completely different stories about Europe’s relative performance.
Ein starker #Sozialstaat ist kein Nice-To-Have! Das Bündnis starker Sozialstaat, das 10 Verbände und die #Gewerkschaften in #Niedersachsen gegründet haben, stellt sich in diesen Minuten auf der Landespressekonferenz vor.
#DGB #verdi #IGMetall #IGBCE #GEW #IGBAU #EVG #GdP #NGG #Gewerkschaft #StarkMituns #StoppKahlschlag #Rente #Gesundheit #8hTag #Wohnraum #Armut #Ungleichheit #Umverteilung
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Ein starker Sozialstaat ist kein Nice-To-Have! Bündnis Starker Sozialstaat. Stark! Sozial! Gerecht!
🚨🚨🚨"Did President Trump🚨just leak US GDP data?
Trump🚨posted about the miss in US #GDP data 40 mins before it was released this AM.
At 7:50 AM ET,🚨Trump posted that the "Democrat shutdown cost the USA at least 2 pts in GDP."
Exactly 40 mins later,🚨the US published Q4 2025 GDP data which massively missed expectations, falling from 4.4% to 1.4%, a 300 bps decline.
GDP growth is now at its lowest since Q1 2025."
-Kobeissi L
We're sick of Trump's overt #corruption‼️
#Kleptocracy #Protest #USPol
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Trump's post with a timeline:
🚨 ES REICHT! Die Angriffe der #Union und der #Arbeitgeber auf den #Sozialstaat und die Beschäftigten werden immer unverschämter. Wir fordern einen Stopp dieser Kahlschlag-Debatten. Sie verunsichern die Menschen, würgen den schwachen wirtschaftlichen Aufschwung ab und bringen kein Wachstum.
#DGB #Gewerkschaft #IGMetall #verdi #IGBCE #IGBAU #GEW #NGG #EVG #GdP #StoppKahlschlag #CDU #CSU #Merz #Reiche #Connemann #Wirtschaftsrat
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Logos und Fotos der Vorsitzenden der DGB-Gewerkschaften und des DGBs. Text: "Rote Karte dem Kahlschlag! Es reicht! Jetzt sprechen die Vorsitzenden der Gewerkschaften Klartext!"
maybe the open source local ai conversion is going to happen 10x what we see now bots and rag pipelines are what you want - still barriers but things are improving, productivity improvements #gdp
The only reason #Smartphones got big is because it actually provided an improvement compared to a "#StupidPhone" already solving the communication problem whilst becoming a more accessible version of #computing for many people in "The #GlobalSouth" for whom #Desktops and #Laptops never were close to 'affordable' even when built with dumpster-dived / landfill-scavanged parts.
- Most people in "P.R." #China and Subsahara - #Africa skipped the #PC entirely as #Smartphones are not just #cheaper, but also better suited for places with #infrastructure #deficits re: #broadband and #electricity, and if we correlate #GDP per capita, average income, average downtime for electricity grid, average fixed broadband speed and number of #blackouts for #pwer, we'll definitely see that it'll be more likely for #Smartphones to dominate even harder than they already do in the "The Global North" where some households can afford more PCs than the occupants have limbs, whereas in many places @landley 's Allegory of a Smartphone being cobbled on a USB-C hub to an old display, keyboard and mouse is way more in line with reality than 5 billion VR headsets in 2030!
Mike Johnson:🚨"America is winning again" after the #GDP rpt: "the direct result” of cong Rs’/Trump’s policies.
Govt shutdown: most impt cause of gaps in the coll data for the #CPI calc.🚨"You've got to take it with a grain of salt -confusing -doesn't quite square with prices that we've observed."
Trump’s steep #BLS cutbacks had already reduced the staff assigned to sampling prices by 25%.🚨Prompted: BLS to substitute imputed#s in lieu of hard data.
#Lies #Fascism #USPol
https://www.kansascity.com/opinion/us-viewpoints/article313984187.html
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Image shows Trump’s face, likely conveying a serious or contemplative expression, accompanied by text discussing accusations against the Trump administration regarding manipulated economic data.
I'm not a GDP growth at all costs person--I believe we have no choice but to stop the mad obsession with making that number go up--but I do think it's important to note that GDP was growing relatively rapidly (by modern standards) through the end of 2024. This change marks a significant turnaround that looks like it might erase a quarter's worth of growth and then some. Official data release is March 27. I suppose we shouldn't be surprised that an administration whose only policy thus far has been to inflict pain on people would inflict economic pain as well.
2 quarters of this is a recession and 4 quarters of this is a depression by conventional metrics.
#USPol #USEconomics #economy #GDP
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Screen shot of Atlanta Fed's GDP Now estimator showing a sharp drop in their 1st quarter US GDP estimate, which is currently estimated to drop 2.8%--a large change for this metric.
Long post [SENSITIVE CONTENT]
I am not trying to imply that any of this is simple to solve or deal with. I think the analysis of ultimate outcomes if we stay on a particular #energy usage trajectory is relatively simple because it's just about energy balance, but what to do about it is a significantly different matter bringing in the full range of complexity of human endeavor. I don't pretend to have answers there, but naturally I have a lot of thoughts and I'll share a couple more.One reason I'm not solidly in the #renewables camp, aside from the energy blindness argument I posted previously, is that virtually everything we do right now is deeply dependent on #fossilfuel. Even an unforeseen 1% deficit in #oil production could have catastrophic effects across the planet. I think we have no choice but to give up this source of energy eventually--it's finite, after all, and we seem to be pulling up the last feasibly-accessible bits of it as we speak--but we're inviting disaster if we're not circumspect about how we go about it.
To elaborate a bit, one area of risk I know a bit about because of my simulation work is that so-called "baseload generation" of electricity cannot be done with current renewable technologies (that I know of) aside from hydroelectric and geothermal. Baseload generation refers to the consistent baseline of energy required to make things go--think hospitals or water treatment plants and pumping stations, the sewage system, things we deem necessary to have always going. Without adequate baseload generation we risk the entire electric grid collapsing and everyone losing electric power and everything that depends on it for long periods of time across large geographic areas simultaneously, a dystopian apocalypse film made real for a large number of people.
Nuclear (18%), hydroelectric (6%), coal (20%) and natural gas (40%) are the main baseload generation technologies in the US energy mix (from https://www.eia.gov/tools/faqs/faq.php?id=427&t=3). Geothermal could be baseload but is
It's a hairball of a problem.
That's why what I'm really on board with is #degrowth, or in the absence of that not adding more to growth. In the long term we have no choice but to abandon "make #GDP go up" as an #economic imperative for governments, so we might as well drive there in the most systematic and harm-minimizing manner we can. Anything we can do to reduce harm in the meantime--including embracing renewable energy sources--is great and we should do all of them, but I can't hang my hopes on what I see as stopgaps. One of the most immediate and effective things we can do is take the pressure off the energy-generating system by not increasing energy demand exponentially year after year. That's where I am in my thinking right now anyway.
Unless we develop that perfectly-insulated planetary exhaust pipe, I guess!