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Well, actually- There is a way of calculating GDP that uses aggregated payroll income...but it also uses other accounting measures that reflect the notion of "
by jonahbenton 7y ago
Well, actually-
There is a way of calculating GDP that uses aggregated payroll income...but it also uses other accounting measures that reflect the notion of "national income", like corporate profits (which are revenue in excess of expenses, which include payrolls) as well as others.
The interesting point is that less than 50% of the US population are on payroll. So summing the average income of 63k/year for everyone on payroll accounts for well less than half of GDP.
The point you wanted to make was- where the F are all the rest of those sweet sweet income money dollars going?