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Define 'decent living standards'.
I'm sure they define that in the study if you read it
Well would you look at that, it sure does.
https://www.sciencedirect.com/science/article/pii/S2452292924000493
Looking at Table 1 that's definitely acceptable. It skips a lot of things but that's why they say 30% with spare room for luxuries.
I think Maslow's pyramid of needs would be a good starter. But let's be more concrete.
House (60 m2, +20 m2 per extra person in household), with electrification, and which can withstand severe weather events (heatwaves, blizzards, heavy rain and wind, etc.).
Clean air and environment without fine dust, microplastics, PFAS, asbestos, etc.
Clean, potable and heatable water available anytime
Healthy and clean food free from animal suffering made available for all
Everyday and affordable clothes available for all
Bodily integrity: only the person themselves can decide over their own body, with the exception of vaccination (because everyone ought to be vaccinated!)
Labour rights, such as automatic unionisation, workplace democracy and self-governance, no vertical hierarchy (so no CEO, overreaching holdings, trusts, etc). And ideally, a wageless gift economy system based on needs. If not that, then this: any company lacking one of the above/being too big, may never get bailed out.
Protection of personal property, with private property becoming communal property instead.
Encouragement of meeting people at sport, hobbies, reading (helps finding friendship)
Bicycle and public transit infrastructure being widely available.
Free and high-quality public education available for all
Same with healthcare. No artificial limit mandating that there be max x amount of doctors or teachers.