Re:The tech bubble that never burst
by gruez on Tuesday April 19, 2022 @01:53PM
(#31086460)
> Why would you link to GDP PER CAPITA? Are you ignoring that population has grown since 2000?
1. using country level GDP gets you a 63% drop, hardly any better
2. The argument I was making was with respect to living standards (ie. there's no way that our income/living standards dropped 67% in 20 years). In that context it makes sense to use GDP per capita rather than GDP for the entire country. If US population grew 50% over some time period, and GDP only grew 25%, that's actually bad because that means the average person is actually worse off than before.
1. using country level GDP gets you a 63% drop, hardly any better
2. The argument I was making was with respect to living standards (ie. there's no way that our income/living standards dropped 67% in 20 years). In that context it makes sense to use GDP per capita rather than GDP for the entire country. If US population grew 50% over some time period, and GDP only grew 25%, that's actually bad because that means the average person is actually worse off than before.