5 ms·
Adjusted for inflation, has it changed that much in 10years? Ditto for median wages.
by jimktrains2 9y ago
Adjusted for inflation, has it changed that much in 10years? Ditto for median wages.
- sien 9y agoDepends where you were in the world. In 2007, GWP was ~50Trn USD. In 2017, GWP is ~80Trn USD. https://en.wikipedia.org/wiki/Gross_world_product https://en.wikipedia.org/wiki/Gross_world_product
- Tuna-Fish 9y agoAbsolutely yes for both. The past decade was one of the most successful ones, if not the most successful one, in global wage increases and poverty reduction. Literally billions of people have been raised to standards of living they didn't dare to dream of a decade ago. Of course, these increases have been concentrated among the poorest people in the world, so you don't see them in the US.
- jimktrains2 9y agoOP said GDP, so I figured he was talking about the US (or another Western country).
- dredmorbius 9y agoAlmost all of that in two countries: China and India. And much of that in China. Which had a hell of a lot more to do with raising the floor than lifting the ceiling. Some of our international globalisation tools assisted in that -- shipping (Maersk included), finance, and realtime shelf-to-factory inventory control. But a lot of it didn't. As Gibson's noted, the future's already here, it's just not evenly distributed. You might also want to ask, from time to time, just which trends truly represent "the future".
- observation 9y agoI'm glad to see you're still here dredmorbius. The facts and statistics in history and economics appear to be 'politically incorrect' for every type of political belief system. Liberal, Left, Libertarian, Conservative, doesn't matter, there's some factor out there that hasn't been incorporated. I think the Google people say something like "unless you're God, bring data".
- dredmorbius 9y agoThanks. Yes, epistemology and ideology seem rather opposed.