3 ms·
Here is the GDP per capita growth: https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_pcap_cd&scale_y=l
by flukus 9y ago
Here is the GDP per capita growth: https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_pcap_cd&scale_y=lin&ind_y=false&rdim=region&idim=country:USA:AUS:NZL&ifdim=region&hl=en&dl=en&ind=false&icfg#!ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gnp_pcap_kd_zg&scale_y=lin&ind_y=false&rdim=region&idim=country:USA:AUS:NZL&ifdim=region&hl=en_US&dl=en&ind=false https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&... .
When you shave ~1% off to account for immigration, then shave off another ~1% for inflation and you can see the hidden recessions.
And then you get into where that economic growth is going, which isn't to the bottom 80% of society. The end result looks a lot like the US median household income: https://www.google.com/publicdata/explore?ds=c8op9mhgodplq_&ctype=l&met_y=median_income_constant&hl=en&dl=en https://www.google.com/publicdata/explore?ds=c8op9mhgodplq_&...
- matt4077 9y agoI'm sorry, but I don't think you're arguing in good faith here. "Per capita" means "per head", i. e. per person. That means that any population growth due to immigration is already factored in. If you click on the little question mark, you'll also learn that inflation is also factored in already: "Aggregates are based on constant 2010 U.S. dollars."
- flukus 9y agoThe real point is that last one. GDP growth, economic growth, etc are all meaningless because for most of the population it is not reality, they are getting poorer. That big house and two cars that my father could afford as a single income earner is now out of reach for most of the population.