Economics is the social science that analyzes the production, distribution, and consumption of goods and services. Macro-economics studies the large-scale behaviour of the whole economy. Micro-economics studies small-scale behaviour from individual transactions to the behaviour within particular ...

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Is about 50% of world population middle class? [closed]

According to this news more than 50% of people would be middle class: http://www.economist.com/node/13063298, the news is from 2009 so maybe now it would be around a 48% or the like considering ...
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61 views

Does increasing the middle class result in lower birth rates? [closed]

I saw an article or two about the phenomenon of well off upper class families having large families. It claimed that his broke the trend of increased economic status resulting in smaller families that ...
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351 views

Do Greeks evade taxes by not finishing their houses?

I've heard this claim several times: Q: Why are there so many unfinished houses in Greece? A: as long as the house is not finished, they don't have to pay building tax for it. So the leave it ...
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25 views

Can pre-2009 BLC U2 data be compared to Post-2009 U2 data [closed]

Were there any changes made to sets of those included/excluded in the Bureau of Labor Statistics U2 Unemployment calculations in 2009?
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9k views

Are there more open jobs than available developers?

A recent Stack Overflow blog post claims that: With nearly five open jobs for every available software developer, the need for qualified technical talent is higher than ever. I have seen this ...
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1answer
496 views

Are male nurses salaries higher than female nurses salaries?

A recent article on USA Today claims that on male nurses make more than female nurses: even in an occupation that women overwhelmingly dominate, they [women] still earn less than men [...] ...
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408 views

Is Singapore the most expensive city in the world?

According to this article, Singapore is now the most expensive city in the world ...
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360 views

Does the UK government have only 300 staff investigating tax evasion of £70bn+ vs 3250 staff investigating benefits (welfare) fraud of £1.2bn?

The following graphic is doing the rounds on Facebook: Is it true? Does the graphic give an accurate representation of the comparative headcount/effort/resources that the UK government (as a ...
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182 views

Is the city of Marinaleda a socialst utopia? [closed]

According to this article and many many others, the Spanish city of Marinaleda is a socialist utopia. The article claims that the mayor and city organizes raids against the local grocery stores to ...
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306 views

Will the richest 1% soon have more wealth than everyone else?

The charity Oxfam recently launched a media campaign about global inequality with the startling statistic (this page on their website): ...inequality is rising: the combined wealth of the richest ...
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1answer
5k views

Did Einstein ever remark on compound interest?

In personal finance articles I frequently find quotes injected to attribute some further relevance to one's position. Over the years, I've read Einstein quoted as saying that 'compound interest was ...
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191 views

Is anti-whaling activism almost as big an industry as the whaling industry?

In the article Confronting Paul Watson and Sea Shepherd, Tetsuhiko Endo writes: In a March 2012 article in Nature, Christopher Costello and Steven Gaines from the University of California, point ...
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269 views

Is racial income inequality currently in US worse than it was in Apartheid South Africa

As reported here, (and here) white/black wealth inequality is worse now in the US than it was under Apartheid South Africa. The figures brought up during the segment are backed up, too. ...
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620 views

Do high immigration levels lower quality of life standards?

In a UK panel show, Question Time, a politician says: However, if you have a country in which the population goes up as a direct result of immigration, what you find is not a shortage of green ...
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1answer
275 views

Is there any proof that blackle.com conserves energy? [duplicate]

There are claims that blackle.com conserves energy given that it is darker themed and produces less light. There is a counter under the search box that constantly increases. But in today's era of ...
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1answer
603 views

Did stone age people have an income of slightly below $2 a day? [closed]

In his 2014 book "War! What Is It Good For?", historian Ian Morris writes: Ten thousand years ago, there were only about six million people on earth. On average they lived about thirty years and ...
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1answer
1k views

Is Sweden's economy deteriorating fast?

I am rather surprised to read this article: Sweden to become a Third World Country by 2030, according to UN In 2010 Sweden had the 15th place in the HDI rankings but according to UN ...
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1answer
263 views

Is some better technology suppressed in favor of profits? [closed]

The Conspiracy in Question: I have heard from different sources (crazy people), that certain companies suppress better technology in favor of profits. For instance car tires and light-bulbs that last ...
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753 views

Are Jim Rogers, George Soros, Warren Buffet converting their stocks into cash holdings?

According to the article “Buffett's $55 Billion Gamble is a Bet on U.S. Collapse, Warns CIA Economist”, a number of billionaires have taken a cash position on their holdings at the expense of stocks. ...
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198 views

Are US businesses paying historically low proportions of income as wages?

In this story about non-compete clauses for low wage jobs, the New York Times reported, "American businesses are paying out a historically low proportion of their income in the form of wages and ...
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185 views

Is it estimated that nearly half of USA jobs be low wage service jobs by 2040?

According to yesmagazine.org's post A Wealthy Capitalist on Why Money Doesn't Trickle Down, By 2040, it is estimated that 48 percent of all American jobs will be low-wage service jobs. The claim ...
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0answers
173 views

Did the pitchforks ever come for the plutocrats? [closed]

Nick Hanauer recently wrote an article where he claims that income inequality is rising to extreme levels, and soon the lower classes will rise up and overthrow the financial elite in bloody ...
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404 views

Has the average Somalian's quality of life improved under anarchy?

Peter T. Leeson makes multiple claims about economic and public health improvements since the collapse of its government in his paper Better Off Stateless. This paper investigates the impact of ...
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1answer
262 views

Are 35% of Americans currently in collections?

An article from the Associated Press, STUDY: 35 PERCENT IN US FACING DEBT COLLECTORS, cites a study by the Urban Institute. The article states: The study found that 35.1 percent of people with ...
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1answer
606 views

Has a famine ever taken place in a functioning democracy?

Nobel winning economist, Amartya Sen has said: "No famine has ever taken place in the history of the world in a functioning democracy," he wrote in "Democracy as Freedom" (Anchor, 1999) ...
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1answer
730 views

Did a Soviet nail factory produce useless nails to improve metrics?

We've all heard the story, which sounds for all the world like a typical urban legend. It goes something like this: Once upon a time, there was a factory in the Soviet Union that made nails. ...
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1answer
5k views

Are there 24 empty houses “available” per homeless person in the USA?

I just saw this meme on Facebook: Since this question answered the ratio question, I would like to know if these houses are "available for" those homeless?
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151 views

Are these metrics regarding the 2009-2014 recession accurate?

In the Forbes article "The Worst Five Years Since the Great Depression", it is quoted: [...] what America got by year five was fewer jobs than before. Even though the employment age population has ...
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1answer
868 views

Are Fairtrade farmers paid worse than other farmers in the same regions?

There have been a few articles recently on the (in)efficiency of fair trade organisation Fairtrade. Here is an example from the Guardian: Sales of Fairtrade-certified products from Uganda and ...
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2answers
2k views

Is Matt Ridley's assertion that the most extreme of the IPCC climate projections is based on very implausible assumptions correct?

Matt Ridley, the science writer who is often grouped with skeptics of warming and denialists despite asserting: man-made climate change is real but not likely to do much harm, let alone prove to ...
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1answer
594 views

Have airlines as a whole been unprofitable over their history?

I recently overheard a discussion in which it was claimed that the airline industry has generated more losses than profits when we take its whole history into account. This is basically a repeat of ...
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2answers
8k views

Are there lots worldwide filled with thousands of unsold new cars left to ruin?

This link came in an email that was getting passed around the office today: http://www.vincelewis.net/unsoldcars.html The premise is that car manufacturers, not wanting to dilute their inventory to ...
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1answer
176 views

Are the latest estimates of the cost of climate policy five time higher than the projected benefits?

Bjorn Lomborg argues that the implication of the latest IPCC report is that current mitigation policies are not smart in that the cost of mitigating CO2 emissions is much higher than the benefits: ...
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1answer
392 views

Do US food stamp recipients outnumber women who work full-time?

This story has been circulating through the conservative media channels: In the average month of 2012, according to the Department of Agriculture, there were 46,609,000 people participating in the ...
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340 views

Is tax wedge 80%-90% in most of western Europe vs 50% in US?

Wikipedia definition of tax wedge references a document, which makes following claim: Europe's comparatively high tax burden has created big marginal effects and tax wedges. For example a 2007 ...
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2k views

Was pepper once worth its weight in gold?

It's a frequent claim that common black pepper was worth its weight in gold in early modern times. Just yesterday I heard it again in a documentary about the Dutch East India Company's spice trade in ...
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2answers
209 views

Is Moore's law just a special case of an experience curve? [closed]

I recently stumbled upon the notion of an experience curve: http://en.wikipedia.org/wiki/Experience_curve_effects#The_experience_curve . It basically says, that plotting the cost per item over the ...
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92 views

Is the US economic downturn slowing scientific research?

Nature magazine claims: The financial crisis of the past few years has led to deep cuts in funding for scientific research by governments and charitable organizations, hiring freezes across ...
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1answer
572 views

Has a company fired its employees by deactivating their access badges?

A few years ago, at the beginning of the financial crisis, there was this rumor that traveled from mouth to mouth about some company that did some layoffs. The story says the company's management ...
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560 views

Do any precious stones actually have intrinsic value? [closed]

I watched this CollegeHumor video "Why Engagement Rings are a Scam", which claims that diamonds - particularly dimaond rings - derive all their value from a one hundred year marketing campaign by ...
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226 views

Does government spending on healthcare promote economic growth?

As governments attempt to get their finances back into balance, many have cut back on a wide range of spending commitments. Some governments such as the UK have chosen to protect spending on ...
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121 views

Has the Canadian government recently dismissed a net of 2,000 scientists?

A CBC article claims: In the past five years the federal government has dismissed more than 2,000 scientists, and hundreds of programs and world-renowned research facilities have lost their ...
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216 views

Do obese people have lower lifetime healthcare costs?

I've always been told that obesity is a drain a country's healthcare system...and it's generally accepted as fact. In online debates I frequently see reference to this. I remember seeing news ...
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320 views

Did tax and inflation consume more wealth in the 20th Century than previously produced?

In the chapter on Statism: Our Condition of the 1983 version of the New Libertarian Manifesto by Samuel Edward Konkin III the following can be found, In the 20th Century alone, war has murdered ...
6
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148 views

Can technological innovation increase overall unemployment? [closed]

This is my first question on the site, it may look hypothetical at first but its not. For those unfamiliar with the Luddite Fallacy its synonymous to 'Technological unemployment' Apparently ...
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2answers
423 views

Has the Catholic Church lifted more people out of poverty than any other civic institution?

The New York Times published an editorial on December 29, 2013 about Pope Francis titled "Radical Pope, Traditional Values" which includes the following statement: As a result of its work in basic ...
190
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1answer
87k views

Has Stack Overflow saved billions of dollars in programmer productivity?

John Carmack is a renowned developer and CTO. His Twitter account has over 100,000 followers. On the occasion of Stack Exchange's 5th anniversary, he quipped on Twitter: [... Stack Overflow] has ...
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2answers
1k views

Is helium being “wasted” on party balloons?

From Tim O'Reilly: Good Q?, the kind politicians are loathe to answer RT @jamesoreilly: "Is it right to waste helium on party balloons?" http://www.bbc.co.uk/news/magazine-24903034 … and ...
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482 views

Was 31.5% of Medicare payments in 2006 the result of fraud?

To much fanfare, in 2006 Medicare announced that only 7 percent of its payments were a result of fraud. Two years later, The New York Times reported that it was actually 31.5 percent -- and ...
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3k views

Are there enough unused houses in America for each homeless person to have six?

I can't find a source for this, and that number seems much too high to me (although I don't know much about the subject). Is this true? If not, what is the actual ratio of homeless people to vacant ...