3 ms·
The United States is far ahead if you measure by nominal GDP.
by morninj 10y ago
The United States is far ahead if you measure by nominal GDP.
- lorenzhs 10y agoBut GDP per capita is a pointless measure if you don't correct for the cost of living. The more interesting number is when you correct for how much you can actually do with the money earned. That's PPP (purchasing-power-parity), the measure in the article. Note that that doesn't measure quality of life. Qatar may take the top spot in that ranking, but has large amounts of foreign workers employed under some not-so-nice conditions. Almost 90% of the population are foreign workers with temporary residence status: https://en.wikipedia.org/wiki/Demographics_of_Qatar https://en.wikipedia.org/wiki/Demographics_of_Qatar
- soperj 10y agoThe US has a bunch of foreign workers employed under some not great conditions either(maybe not compared to Qatar?).