4 ms·
not really. the key mistake here is treating gdp is a proxy for wages when there is no direct connection between the two. in a pathological case, you could have
by leetcrew 6y ago
not really. the key mistake here is treating gdp is a proxy for wages when there is no direct connection between the two. in a pathological case, you could have a $1T GDP and have zero wages paid. the question of whether mean or median figures are more appropriate when talking about wages (what I assume you are alluding to with your statistics quip) is a side issue. no amount of statistics knowledge will help someone who insists on comparing apples to oranges.