In what ways do new technologies affect Purchase Power Parity (PPP) gains? 2
We have seen many technological advancement in our lives and this change has surely impacted the performance of people’s work overall which also includes the lifestyle aspect.
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New technologies have enhanced televisions, video game consoles, and smartphones in ways that something beneficial came without much investment. This has created some sort of a level where even those in the median income level are able to afford great quality of digital goods and services. However, the life style improvements which should have come with these changes have in many instances been nullified by the far more expensive cost of owning property assets which means one can not derive the benefits to the extent they should.
I'm 2 generations away from my family carrying their water from a river, eating fruit one time during 6 months of the year, and having to carry firewood to school to heat the classroom.
I walk around with a super computer in my pocket.
Count your blessings, Praise God!