3 ms·
> How does that in anyway correlate to a better life. if you look at gdp per capita growth in places like germany who have only grown from 45k to 47k since 2008
by yokaze 6y ago
> How does that in anyway correlate to a better life. if you look at gdp per capita growth in places like germany who have only grown from 45k to 47k since 2008. The US grew from 45k to 62k
If you adjust PPP and inflation with your chosen starting point
(https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?end=2018&locations=US-DE&start=2008 https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?end=2...),
Germany grew from 47.6k to 53.7k USD (+13%), while the US grew from 55.4k to 61.5k USD (+11%) until 2018 (which is the latest endpoint and makes an even decade).
But why not look another decade back further (1998-2018) (https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?end=2018&locations=US-DE&start=1998 https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?end=2...): Germany (+115%), US (+91%).
- DeonPenny 6y agoIn a globalised world I don't think PPP is good measure personally but thats just my 2 cent. Also from 1998 is bit hard cause germany was moving from a way lower base. Germany just became a whole country in 1990. The east germans had to do with a lot of that growth because there was basically so much to improve.