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A comment on India floats the idea of a universal basic income. Parent comment

Re:India floats the idea of a universal basic income by taneq on Tuesday February 07, 2017 @09:21PM (#13595137)
> The historic share of labor as a % of GDP is pretty constant.

What time scale are we talking about? I'm pretty sure that 5000 years ago, labour was close to 100% of GDP. I'm equally sure that it's well down below 20% now.

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Re:India floats the idea of a universal basic income by harryh on Tuesday February 07, 2017 @09:24PM (#13595154)
Looking at US data for the past 100 years or so.

And no, it's not at 20%. More like a bit over 50%. If you take out depreciation and gov't because what you really care about is return to capital & labor it's about 30/70.

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