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Income has nothing to do with GDP. Maybe do some research before littering the comments with uneducated takes. And real income/GDP is what matters more in the
by adam_arthur 4y ago
Income has nothing to do with GDP. Maybe do some research before littering the comments with uneducated takes.
And real income/GDP is what matters more in the end anyway. E.g. nominal wage increases aren't beneficial to people if their spending power is in decline
- missedthecue 4y agoAre you confusing the economic term "income" with wages?
- adam_arthur 4y agoWe're taking about the colloquial definition of income as per the author's mistake with wages. And yes even income of producers is not GDP, because you have to factor in imports/exports