Re:Look at median, and not mean GDP per capita
by peyton on Sunday August 07, 2022 @11:00PM
(#32382057)
GDP per capita is a yardstick for labor productivity. I’m generally interested in the cost of doing business in various places. GDP per capita is a good metric.
[ Parent
| on HN ]
Re:Look at median, and not mean GDP per capita
by Aperocky on Sunday August 07, 2022 @11:03PM
(#32382068)
> GDP per capita is a yardstick for labor productivity.
Or how much oil will gush out of the ground if you drill a hole in the right place.
Re:Look at median, and not mean GDP per capita
by hammock on Sunday August 07, 2022 @11:46PM
(#32382233)
>drill a hole
>labor
I believe you are saying the same thing
Re:Look at median, and not mean GDP per capita
by myownpetard on Monday August 08, 2022 @02:00AM
(#32382747)
Only if the value of a hole of equivalent dimensions is constant and independent of location.
There's a whole Disney movie that demonstrates not all holes are created equal.
Re:Look at median, and not mean GDP per capita
by PeterisP on Monday August 08, 2022 @05:14AM
(#32383616)
Well no, the whole point of measuring country differences in labor productivity is that in some countries spending x hours to drill a hole in the ground is vastly more productive than in others.
Re:Look at median, and not mean GDP per capita
by myownpetard on Monday August 08, 2022 @01:10PM
(#32388216)
The point here is that, if we want to use GDP as a proxy for labor productivity, then including wealth from extractive industries isn’t that useful because it tells us much more about the geology of the country then about the labor force.
Re:Look at median, and not mean GDP per capita
by tomjakubowski on Sunday August 07, 2022 @11:21PM
(#32382143)
It's a yardstick for productivity per capita, from both labor and capital. I mean, I guess that's just saying "gross domestic product per capita" in different words.