Comment by ef4
10 years ago
The total output of the world economy is about $13,000 worth of goods and services per person per year. That's not enough to provide even just education and healthcare up to a standard that would be considered remotely acceptable by people in the west.
(For comparison: the average public school student in the US costs $12,000 to educate. And yet plenty of people will say that even that is not enough.)
But the good news is if we don't fuck up, that number will continue to grow nonlinearly, just as it has for many decades. We will live to see it cross the point where it really is high enough to give everybody a comfortable life.
> the average public school student in the US costs $12,000 to educate
Why does it cost $30,000 to educate a class of 30 kids for a month? The salary of the teacher should be <$5,000. Double, or triple that to include rent and other costs. It still comes out at half of $30K.