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That's a tautology though. You're using the method of apportioning contribution to GDP (wages) to prove that GDP is being properly apportioned. There's evidenc
by sprout 16y ago
That's a tautology though. You're using the method of apportioning contribution to GDP (wages) to prove that GDP is being properly apportioned.
There's evidence of your position, but it's hardly obvious. Personally I believe it to be incorrect.
- yummyfajitas 16y agoI'm not asserting that wages are being properly apportioned - I'm just pointing out that the fact that the top x% get a greater portion of GDP is not evidence that talent is underpaid. It could easily be the case that the top 10% is the most talented, and the talent gap/rewards for talent have increased. Income inequality is simply not evidence either for (or against) the claim that talent is underpaid, at least not without information on the distribution of talent.