Re:What China's slow-motion real estate crisis means for the...
by alephnerd on Tuesday October 31, 2023 @11:10PM
(#38094208)
I will repeat this a million times on HN until I die - GDP PER CAPITA AND GDP PPP PER CAPITA IN ISOLATION ARE NOT RELEVANT METRICS TO USE FOR HUMAN CAPITAL DEVELOPMENT.
They are productivity metrics (as in how much shit can country X produce versus country Y). Per Capita literally means total population, so GDP Per Capita is (Total Production in USD) / (Total Population).
Yet we all know there is no society in the world where every man, woman, and child earns the same exact amount of money.
Use a mix of Gini coefficient, median income, health indicators, education indicators, etc to track development.
They are productivity metrics (as in how much shit can country X produce versus country Y). Per Capita literally means total population, so GDP Per Capita is (Total Production in USD) / (Total Population).
Yet we all know there is no society in the world where every man, woman, and child earns the same exact amount of money.
Use a mix of Gini coefficient, median income, health indicators, education indicators, etc to track development.