That check that you get after your taxes and everything else that is taken out of your paycheck, that money, that is disposable income to you.

These are roundabout numbers.

And people talk about it without ever giving you a good definition.

I'm making some simplifications there, but everything left over is disposable income.

This isn't just me making up things.

Last year's growth of income was 5 after inflation.

So a good place to start is just to think about disposable income.

Actually, you could go back even further than this and you can see from the 1960s all the way until the early '80s, the go go '80s, people were saving about 10 of their disposable income.

Disposable income is what counts for the level of personal consumption.

today minus taxes, then plus the basic income. ( The cost of the Latte Macchiato has stayed the same too.)

And obviously, it's become a big problem, has become a big factor in terms of what's causing the financial crisis right now.

For example, the government says that the typical household spends 15.7 of their disposable income on

It also requires being connected to a lot of management assistance.

But then in the late '70s something changed.

Because you can compare your own household to what the government thinks is a typical household.

invading Iraq versus liberating Iraq

So this box right here is GDP, so it's all the goods and services, essentially all the income, that we produce.

Of what they got on that paycheck after paying taxes, they were keeping about 10 of it, putting it in the bank.

Pardon me, commander, are you ready to hold discipline on the cook, sir?

It might be shrinking.

A has a great product.

We all know the answer. If you don't grow, you're what?

So it turns out there are advantages and disadvantages of this algorithm that

Since we took these first steps, the field of optogenetics has exploded.

They control how the cells grow and differentiate.

We will be able to look at income distributions in completely new ways.

In a healthy worm bin habitat, worm reproduction will occur when the wigglers become sexually mature, indicated by an elongation of the segments into a bulbous structure.

When people can't borrow anymore, the savings rate has to go to 10 because most of this is just from people taking on more credit.

Eight years, minimum security.

Or we could start with our own income.

Spike growth

look at income distribution.

He has worked here two months.

And if you set foot in my office again without my prior consent,

This is the income distribution of China, 1970.

Although growth has certainly delivered many benefits, it is an idea so essential that we tend not to understand the possibility of it not being around.

Now we can do it in half the time.

What unit are you from?

The plant manager, Nelson.

So without the controversy, that's cool thing number one.

Extendable Left Arrow

Extendable Right Arrow

But all my work for many years was focused around the idea that sustainability means basically looking at the globalized economic growth model, and moderating what comes in at one end, and moderating the outputs at the other end.

It's a merit...

like these people here giving aid to these people here.