3 ms·
Are you implying that GDP per capita and median wage should be the same?
by streptomycin 12y ago
Are you implying that GDP per capita and median wage should be the same?
- kimdouglasmason 12y agoBy no means. I believe that having GDP per worker be 4x median wage is socially and politically dangerous, and results in persistent high unemployment because of lack of demand. The sweet spot is somewhere in the middle. Capital needs a return, but we've seen current levels of wealth inequality in the past and it means bad things for the average person. Edit: Another way of stating my position is that I'm against extreme income inequality. That does not mean that I am in favour of perfect income equality.
- deleted 12y ago[deleted]