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GDP per capita is an interesting number and I was quiet surprised recently when I compared US and European cities and countries. For those who haven’t the spoil
by alchemist1e9 4y ago
GDP per capita is an interesting number and I was quiet surprised recently when I compared US and European cities and countries. For those who haven’t the spoiler is the US is significantly higher. Most pro-EU economic narratives are on pretty shaky ground even before recent developments.
- mola 4y agoWhat does gdp per Capita means when inequalities are very high?
- cm2187 4y agoI am not sure inequalities are that high in the US. They certainly are if you compare the absolute extremes of the distribution (Musk to a homeless drug addict), but beyond 2% percentile each side they are not that high. There was an interesting talk on this topic [1]. What they argue is that the statistics used in the US to measure income inequality are misleading as they don’t account for taxes and benefits. The gap is greatly reduced if you do. In any case, poverty is usually the issue, not inequality. [1] https://www.youtube.com/watch?v=XL1DSo_gvK4 https://www.youtube.com/watch?v=XL1DSo_gvK4
- alchemist1e9 4y agoI don’t have a reference handy but there was also recently sn analysis that concluded immigration significantly skews the numbers when comparing inequity to EU nations. The US has significant immigration on the bottom end and also on the top end.
- alchemist1e9 4y agoWhat does equality mean if gdp per capita is very low?