News for hackers. Stuff that matters.

A comment on Look at median, and not mean GDP per capita. Parent comment

Re:Look at median, and not mean GDP per capita by adam_arthur on Sunday August 07, 2022 @07:37PM (#32380987)
Income has nothing to do with GDP. Maybe do some research before littering the comments with uneducated takes.

And real income/GDP is what matters more in the end anyway. E.g. nominal wage increases aren't beneficial to people if their spending power is in decline

[ Parent | on HN ]
Re:Look at median, and not mean GDP per capita by missedthecue on Sunday August 07, 2022 @07:45PM (#32381034)
Are you confusing the economic term "income" with wages?
[ Parent | on HN ]
Re:Look at median, and not mean GDP per capita by adam_arthur on Sunday August 07, 2022 @07:53PM (#32381088)
We're taking about the colloquial definition of income as per the author's mistake with wages.

And yes even income of producers is not GDP, because you have to factor in imports/exports

[ Parent | on HN ]