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Pretty much. I'd also love it (European) if we stil had 2017's rent prices and consumer prices, but we don't. Housing, energy, food, healthcare and everything h
by Rinzler89 2y ago
Pretty much. I'd also love it (European) if we stil had 2017's rent prices and consumer prices, but we don't. Housing, energy, food, healthcare and everything has gone up like crazy. We're definitely poorer than before, just sweeping it under the rug pretending everyting's fine.
So it boggles my mind that your parent tried to make a point by equating USA 2016 with EU 2022 GDP/capita as if nothing's wrong with that. Are some people that oblivious?
- Certhas 2y agoThe 2017 number was a mistake by me, I wanted to look at inflation adjusted/PPP, and that was nominal. You can clearly see the massive effect of the Russian invasion of Ukraine and the resulting inflation in the data. If we were looking at nominal values, the opposite is the case: Nominally GDP is rising rapidly: Nominal: https://data.oecd.org/gdp/gross-domestic-product-gdp.htm https://data.oecd.org/gdp/gross-domestic-product-gdp.htm PPP/Inflation adjusted not so much: https://ourworldindata.org/grapher/gdp-per-capita-worldbank?tab=chart https://ourworldindata.org/grapher/gdp-per-capita-worldbank?... But pretty much all countries are still well ahead of where we were in 2017. If you feel poorer than in 2017 it's because you're getting less of a larger pie, not because the economy is producing less than it did then.