NYT have an article today that maps out "how satisfied you are with your life" and GDP per capita.
http://www.nytimes.com/2008/04/16/business/16leonhardt.html?ex=1365998400&en=bdbfd2384c50f811&ei=5090&partner=rssuserland&emc=rss&pagewanted=all
Look at what an outlier Hong Kong is!
Why why why? The first thing that comes to mind is INEQUITY! Gini index 53.3!
I guess it's inevitable when you have a giant neighbor with a billion unskilled workers. Unskill wages just can't increase as fast as the economy as a whole.
Wednesday, April 16, 2008
HK: Rich but not happy
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