4 ms·
> If you are willing to look beyond the rich world: world average GDP per capita is something like 10k USD. At 2000 hours worked per year, that 0.5 USD per hour
by beedogs 11y ago
> If you are willing to look beyond the rich world: world average GDP per capita is something like 10k USD. At 2000 hours worked per year, that 0.5 USD per hour.
No it isn't. It's $5 an hour, barely under the US minimum wage.
- eru 11y agoThanks for catching that! Sorry, I obviously can't do arithmetic. Interesting that the global gdp is that high, actually. Comparing to the minimum wage is still a bit misleading, since the wage share of GDP is far from 100%.