America pays workers just 27% of what its wealth allows – the worst in the OECD
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Re: America pays workers just 27% of what its wealth allows – the worst in the OECD
#2As somebody living outside the US, I would find moving to the states highly undesirable even if it wasn't for the hostility towards non-US citizens.
To me, it would mean a significant reduction in quality of live and I am low-key scared of all the ingredients and additives in food that are pretty much banned everywhere else. Not to mention all risks regarding healthcare.
Re: America pays workers just 27% of what its wealth allows – the worst in the OECD
#3> We measure resources by using per capita gross domestic product – the amount of money in a country evenly divided among its entire population.
GDP is not "the amount of money in a country".
GDP is the monetary value of goods and services produced within a country during a given period (a flow, measured in dollars-per-year).
The amount of money in a country is a measure at a point in a time (a stock, measured in dollars).
I realize Fortune magazine isn't The Economist, but I'd still expect PhDs in political science opining on economic topics to at least understand the difference between stocks and flows.
Re: America pays workers just 27% of what its wealth allows – the worst in the OECD
#4As somebody living outside the US, I would find moving to the states highly undesirable even if it wasn't for the hostility towards non-US citizens. To me, it would mean a significant reduction in quality of live and I am low-key scared of all the ingredients and additives in food that are pretty much banned everywhere else. Not to mention all risks regarding healthcare.
I’m not in the US, but laughed when I saw that my bike is ‘known to cause cancer or birth defects/reproductive harm.’
When everything is dangerous, nothing is dangerous.
Re: America pays workers just 27% of what its wealth allows – the worst in the OECD
#5As somebody living outside the US, I would find moving to the states highly undesirable even if it wasn't for the hostility towards non-US citizens. To me, it would mean a significant reduction in quality of live and I am low-key scared of all the ingredients and additives in food that are pretty much banned everywhere else. Not to mention all risks regarding healthcare.
Yeah the USA has only given lip service for everything it claims to be. Especially in the last 18 months it’s been working overtime to make it even worse.
All the US has done is allow for massive amounts of wealth hoarding and gaslighting of a significant portion of the population into voting and supporting things against their own beliefs or common sense.
If you said “China allows red dye 12 in their food and it’s been proven to cause cancer” they’d freak out about it. But they don’t see any problem back home.
Re: America pays workers just 27% of what its wealth allows – the worst in the OECD
#6> We measure resources by using per capita gross domestic product – the amount of money in a country evenly divided among its entire population. GDP is not "the amount of money in a country". GDP is the monetary value of goods and services produced within a country during a given period (a flow, measured in dollars-per-year). The amount of money in a country is a measure at a point in a time (a stock, measured in dol…
it's not that either. it's the total value of all transactions.
if you paint a masterpiece worth millions and keep it in your closet it has negligible impact on GDP. only once it is sold does it have an effect.
Re: America pays workers just 27% of what its wealth allows – the worst in the OECD
#7As somebody living outside the US, I would find moving to the states highly undesirable even if it wasn't for the hostility towards non-US citizens. To me, it would mean a significant reduction in quality of live and I am low-key scared of all the ingredients and additives in food that are pretty much banned everywhere else. Not to mention all risks regarding healthcare.
Not to mention school shooting drills. Teaching kids how to behave when someone tries to shoot up your school, because it happens more than once a decade... And then not doing fuck all to fix the root cause, besides thoughts and prayers, because muh freedom.
Incredible that this is the country that has been the dominant global exporter of technological innovation, pop culture and economic policy for so long.
Re: America pays workers just 27% of what its wealth allows – the worst in the OECD
#8I do wonder how real the base number - the GDP - is. The wealthy have been accumulating wealth rapidly but it’s all on paper and the entire thing is underpinned by assumptions of USD reserve currency status.
Re: America pays workers just 27% of what its wealth allows – the worst in the OECD
#9As if workers got paid by "what $wealth allows".
As if there was a "right to dignified work" (what is "dignified"?).
As if there was a "right to fair income" (whats "fair"?).
This is, in the immortal words of Norm McDonald, some "commie gobbledygook". I don't think there is any "newspaper", as in traditional print publication, left worth reading.
Re: America pays workers just 27% of what its wealth allows – the worst in the OECD
#10>If the U.S. changed some policies – such as increasing the federal minimum wage – 46 million people could earn enough to rise above that fair pay line.
You can't just raise minimum wage and expect people to make more money since businesses need to fire everyone who aren't worth the new minimum wage and then those newly unemployed people will depress wages for other jobs since there is more labor on the supply side.