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Praising the economy of the South seems a strange strategy when economically it's so weak. GDP per capita in Southern states is generally lower than average, so
by TulliusCicero 7y ago
Praising the economy of the South seems a strange strategy when economically it's so weak. GDP per capita in Southern states is generally lower than average, sometimes much lower.
- rayiner 7y agoUsually, when we compare GDP per capita between countries, we use PPP (purchasing power parity) rather than nominal values. You can achieve a similar result by adjusting state median incomes by a cost of living factor: https://www.advisorperspectives.com/dshort/updates/2018/11/15/median-household-purchasing-power-for-the-50-states-and-dc https://www.advisorperspectives.com/dshort/updates/2018/11/1.... Adjusted for cost of living, the median income in Alabama is about 10% higher than in California. California and New York are actually among the poorest states in the country in terms of standard-of-living, down there with Mississippi and West Virginia.
- TulliusCicero 7y agoThat tells you about the standard of living, but not about economic output.
- CompanionCuuube 7y agoAn utter neglect of the Purchasing Power Parity and standard of living of the citizens also tells a lot. In the US where capitalism dominates, the economic output is a better measure of the enrichment of the wealthy unless you believe in something like "trickle down".