Monday, June 14, 2021

More People = More Abundance (Economist versus Biologists)

Contrary to what "experts" and media say, we are NOT running out of resources or being threatened by over population. 

We found that humanity is experiencing what we term Superabundance—a condition where abundance is increasing at a faster rate than the population is growing. Data suggests that additional human beings tend to benefit, rather than impoverish, the rest of humanity.


The Simon Abundance Index 2021 - HumanProgress






The Simon Abundance Index is measured in time prices. To calculate a commodity’s time price, the nominal price of a commodity is divided by the global average nominal hourly wage. Over the last 40 years, the average nominal price of the 50 commodities rose by 51.9 percent, and the global average nominal hourly wage rose by 412.4 percent. So, the average time price of the 50 commodities fell by 75.2 percent.







 

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