4 ms·
You can see this by the top countries in GDP per capita. Countries like Ireland and Singapore have per capita GDPs that are 10-30% higher than the US, yet med
by refurb 3y ago
You can see this by the top countries in GDP per capita.
Countries like Ireland and Singapore have per capita GDPs that are 10-30% higher than the US, yet median wages are lower.
Wikipedia even has section explaining why:
Many of the leading GDP-per-capita (nominal) jurisdictions are tax havens whose economic data is artificially inflated by tax-driven corporate accounting entries.