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Doesn't matter if things cost more in the US - the numbers given are adjusted for purchasing power. They represent the fact that in the US, a given worker produ
by yummyfajitas 12y ago
Doesn't matter if things cost more in the US - the numbers given are adjusted for purchasing power. They represent the fact that in the US, a given worker produces a larger basket of goods.
- vidarh 12y agoPurchasing Power Parity does not tell you that. Here's another way of boosting the PPP numbers: Distribute salary extremely unevenly, and push large portions of your population into near poverty, and thus drive down the costs of providing essential products and services. I don't know how the US does in pure productivity, but you can't get productivity rankings from GDP adjusted for purchasing power parity alone.
- yummyfajitas 12y agoDistribute salary extremely unevenly... No matter how it's distributed, the US is producing a lot more goods and services per person than Germany is. The fact that the consumption distribution might be different than you like is a separate discussion.
- vidarh 12y agoThat may or may not be the case, but GDP adjusted for PPP does not tell you that.