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The Great Antidote

Jeremy Horpedahl on The Real Cost of Thriving Index

Sep 15, 2023
Jeremy Horpedahl, director of the Arkansas Center for Research in Economics, corrects American Compass's Cost of Thriving Index (COTI) and reveals that the cost of thriving has actually decreased. The corrections consider changes in taxation and highlight flaws such as ignoring inflation adjustments and including employer-paid healthcare costs. They discuss the impact of women's representation in education and workforce on the cost of living. Also, they explore the irony of work as a source of purpose and the importance of empirical cases and understanding data.
01:00:45

Podcast summary created with Snipd AI

Quick takeaways

  • The Cost of Thriving Index (COTI) shows a decrease in the cost of thriving when considering quality improvements in goods and women's earnings.
  • Potential solutions to tackle increasing costs include revising zoning laws, improving efficiency in education, and reducing supply restrictions in healthcare.

Deep dives

The Importance of Cultivating a Good Relationship with Parents

The podcast episode highlights the importance of cultivating a good relationship with one's parents, particularly for young people. The speaker emphasizes the value of having a weekly phone call with parents as a way to strengthen the bond and gain insights from their experiences. This practice is seen as a valuable asset in navigating the challenges of adulthood and understanding one's background. The speaker advises young people to prioritize this relationship as it can be rewarding and provide support in various aspects of life.

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