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33 sats \ 1 reply \ @nullama 26 May \ on: The Cost of Living vs The Quality of Life BooksAndArticles
We are social creatures, so how we interact with each other impacts our quality of life.
A number that I didn't see in this post is inequality, particularly Gini coefficient:
https://upload.wikimedia.org/wikipedia/commons/thumb/c/cc/Map_of_countries_by_GINI_coefficient_%281990_to_2020%29.svg/800px-Map_of_countries_by_GINI_coefficient_%281990_to_2020%29.svg.png
What research has found is that what matters to us is usually relative wealth. If that coefficient goes too high, you end up with civil unrest.
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0 sats \ 0 replies \ @Coinsreporter OP 26 May
Yes, 100% true.
Amazing insights!
Surely 'gini coefficient' must be considered while charting quality of life or cost of living. But, all surveys ignore it just because it will eventually lead them to the real position. What I can see that in richer countries this coefficient' is higher than the poorer countries.
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