4 ms·
Contrast it to GDP: https://wtfhappenedin1971home.files.wordpress.com/2020/06/wages.jpg https://wtfhappenedin1971home.files.wordpress.com/2020/06/wa... Or labo
by willcipriano 3y ago
Contrast it to GDP: https://wtfhappenedin1971home.files.wordpress.com/2020/06/wages.jpg https://wtfhappenedin1971home.files.wordpress.com/2020/06/wa...
Or labors share of the economy: https://wtfhappenedin1971home.files.wordpress.com/2020/09/ei7oxspxgamaayl.png https://wtfhappenedin1971home.files.wordpress.com/2020/09/ei...
- imtringued 3y ago50% wage share? I have heard that neoclassical economists still use 0.7 and when you tell them that this is wrong or doesn't work across countries (e.g. you've been cherry picking the data) they ignore you or treat you as some kind of crank.
- latency-guy2 3y agoI thought GDP wasn't a real measure? Are we selectively choosing when and if GDP is a real measure, but specifically only when it's beneficial to the side I am arguing for?