3 ms·
It's simpler to just say wages are x% of gdp.
by throwaway48476 2y ago
It's simpler to just say wages are x% of gdp.
- layer8 2y agoNot sure that would make sense. And it probably would appear like communism to the US, because one company or industry increasing the GDP would then translate into benefitting the workers of all other companies/industries. Also, if GDP decreases, salary would have to decrease as well.
- throwaway48476 2y agoI don't think you understand what I said. Instead of nominally inflation which is gamed, use total wages as a percentage of GDP.
- layer8 2y agoUse it as what? As a measure of inflation? I don’t quite see the relation to the value of currency then, which is what inflation is supposed to measure.