Curious what is meant by “living standard” here. Because a 27% drop in HDI would be potentially catastrophic. A 27% drop in like median household income would probably be painful, but for context the median Canadian household income is roughly 27% lower than the US.
Curious what is meant by “living standard” here. Because a 27% drop in HDI would be potentially catastrophic. A 27% drop in like median household income would probably be painful, but for context the median Canadian household income is roughly 27% lower than the US.
I think it’s relative to the current standard of living in US.