Wealth & Poverty Review New Discovery Fellow Gale Pooley’s Simon Abundance Index Cited in WiredRead "Technology Will Keep Us From Running Out of Stuff" by Andrew McAfee at Wired (Oct 23, 2019)
Excerpt: Researchers Gale Pooley and Marian Tupy calculate the “Simon Abundance Index,” which takes into account both global population and the prices of 50 commodities important for human welfare — everything from sugar to salmon to iron ore to natural gas — expressed in terms of how long the average person in the world has to work to afford one unit of each. Every one of the 50 has become more affordable since 1980, even as global population has exploded, and most have become several times more affordable. The aggregate Abundance Index was set equal to 100 in 1980; by 2019 it had climbed to almost 620.
Continue Reading at "Technology Will Keep Us From Running Out of Stuff" by Andrew McAfee at Wired (Oct 23, 2019)