Via the World Bank: The share of US economic activity coming from trade is about half of what it is for the rest of the world. Note that I think prior to World War 1 this was not at all the case. Do we see a rise in anti-trade Trumpism/Hillaryism around the world too? Note that I […]
Category Archive for 'Fun Facts'
A single American earning the minimum wage for a full-time job for a full-year (excluding ALL of the other compensation they may receive from their employer and certainly from government in the form of housing allowances, earned income tax credits, health insurance subsidies, food assistance, free education, subsidized transportation, access to infrastructure and public amenities, […]
The U.S. is 100% reliant on imports, from Canada, of Rubidium. Time to invade. Come to think of it … I AM a paid shill … for students. I wonder why private college tuition isn’t much lower? What is the right social cost of carbon to use for policy purposes? Acemoglu on automation and the […]
The hosts used at Catholic Mass, i.e. the Sacramental Bread, are made from wheat (and yeast, and water, and salt, and even some holy water!). Quiz question: What percentage of the acreage of wheat planted around the world for commercial/consumption purposes is GMO wheat? Answer here. Be nice to Mom today. And every day.
From the interesting book, The Almost Nearly Perfect People, comes this one: Sweden now has some of the most generous parental leave allowance in the world, with 16 months’ leave on 80 percent of wages guaranteed by law, to be taken whenever the parents feel like it up until the child is eight years old. Without going […]
The population of the United States: 319 million The population of the largest Northern European navel, Sweden: 9.8 million The population of Denmark: 5.7 million The population of Finland: 5.5 million The population of Norway: 5,2 million All together these are the size of Texas. Or to put it another way, Sweden is about the […]
Since 1989 the annual growth of real GDP per working age population has been higher in Japan than in the United States. (HT to the great Tim Taylor)
The weekly earnings premium (in dollars, not percentages) enjoyed by graduates of professional and PhD programs over graduates with just a Bachelors is now larger than the earnings premium enjoyed by BA recipients over high school graduates. In percentage terms, the graduate degrees enjoy a 45% premium over BA recipients who in turn enjoy a 65% […]
US CO2 emissions from energy production today are no higher than they were 18 years ago. Adjusting for energy produced and GDP produced we are seeing the beginnings of a decoupling. One would hope this is viewed as good news.
What was the (net) profit margin for Walmart in the most recent quarter for which I can fund data? In other words, for every $100 of goods that Walmart sells, how much profit do they “take home?” My bet is that if you asked a typical person they would think the number would be very […]