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38 OECD countries have combined population 1.38 billion, GDP $49.6 trillion $600 billion is $434 per person, $36 per month per person, 1.2% percent of GDP. If
by nabla9 2y ago
38 OECD countries have combined population 1.38 billion, GDP $49.6 trillion
$600 billion is $434 per person, $36 per month per person, 1.2% percent of GDP.
If 75% of the spending goes to increasing productivity, I could see it. Get rid of $450 billion in labor costs (12 - 15 million work years). Cut worked hours in call centers, customer service, many services, menial programming jobs, ...
But I don't see it happening fast enough to pay for current investments.