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A comment on Gig economy companies spent more than $200M to bankroll Proposition 22. Parent comment
https://fivethirtyeight.com/features/what-is-driving-growth-...
Annual spending growth (inflation adjusted) on various components of social welfare spending (1972 - 2011):
>Pensions and retirement: 4.4%
>Healthcare: 5.7%
>Welfare: 4.1%
Annual economic growth over the time frame:
>2.7%
This is annual growth, over a course of 40 years, resulting a massive increase in social welfare spending as a percentage of GDP.
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https://fivethirtyeight.com/features/what-is-driving-growth-...
Annual spending growth (inflation adjusted) on various components of social welfare spending (1972 - 2011):
>Pensions and retirement: 4.4%
>Healthcare: 5.7%
>Welfare: 4.1%
Annual economic growth over the time frame:
>2.7%
This is annual growth, over a course of 40 years, resulting a massive increase in social welfare spending as a percentage of GDP.