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Most of the US military budget is directly related to labor costs. US labor is extremely expensive in all regards, on par with some of wealthiest nations in Eur
by adventured 3y ago
Most of the US military budget is directly related to labor costs. US labor is extremely expensive in all regards, on par with some of wealthiest nations in Europe.
If you properly adjust for that fact - basically do some manner of reasonable PPP adjustment - China is already spending on par with or more than the US at this point.
The reason the US military budget is seemingly so massive, is because the US economy has such an extreme output per capita, at present ~$80,000 (Britain + Japan combined). Astronomical for a nation so large. ~3% of $27 trillion is not unreasonable for a superpower with global interests. Russia has given us a demonstration, again, that we in fact do need that military capability. China will probably provide another.