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Hours worked is inversely correlated with GDP per capita. China needs to step down if they want to try to be competitive.
by fiblye 8y ago
Hours worked is inversely correlated with GDP per capita. China needs to step down if they want to try to be competitive.
- icelancer 8y agoThis implies that "GDP per capita" is something to optimize for. My guess is that China doesn't see it that way.
- ivalm 8y agoI mean, pick your favorite financial metric, they are behind.
- icelancer 8y agoThis is trivially false. Here's a relevant one: Rate of positive change of GDP (absolute or per capita) over the last 20 years, by country.
- fiblye 8y agoThey're behind Ireland in that aspect. And frankly, countries like Switzerland and Norway can't even really grow their GDP. They're essentially maxed out since most people have a standard of life beyond even upper class people in most countries. China is at a point where $2000 of growth is more significant than $12000 would be for Switzerland or Norway.