Re:Why America's economy is soaring ahead of its rivals
by divbzero on Wednesday December 04, 2024 @05:28PM
(#42322755)
> But is the majority of the population thriving?
This is a good point. Aggregate GDP is definitely not the right measure for this, and even GDP per capita adjusted for inflation and PPP does not account for economic inequality.
Median household income adjusted for inflation and PPP would probably be the least bad option if we had to choose a single statistic:
This is a good point. Aggregate GDP is definitely not the right measure for this, and even GDP per capita adjusted for inflation and PPP does not account for economic inequality.
Median household income adjusted for inflation and PPP would probably be the least bad option if we had to choose a single statistic:
https://worldpopulationreview.com/country-rankings/median-in...