Per Capita GDP vs. Per Capita Income
Jul. 7th, 2015 10:18 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
sathorThere's about a $20,000 disparity between the two. $54,000~ produced in goods on average per person, and only $27,000 received in compensation (2011 statistics.)
That's 8.1 trillion dollars ($8,100,000,000,000) missing in action. Approximately 50% of income disappears before it even becomes purchasing power for the earner.
This is obviously a much less scathing representation of factual data, compared to say, https://www.youtube.com/watch?v=QPKKQnijnsM
But it's worth thinking about.
I've seen pie charts of what a company keeps out of an individual's production, and these figures seem to line up with what I recall. So, I interpret this primarily as the result of companies taking half of everything an individual produces and redistributing it as it sees fit - for all the hatred of socialism, we allow corporations and employers to function in such a manner, but not our own government? Do we believe free market, competitive corporations would be more fair and equitable with regards to how they spend the wealth we produced?
That's 8.1 trillion dollars ($8,100,000,000,000) missing in action. Approximately 50% of income disappears before it even becomes purchasing power for the earner.
This is obviously a much less scathing representation of factual data, compared to say, https://www.youtube.com/watch?v=QPKKQnijnsM
But it's worth thinking about.
I've seen pie charts of what a company keeps out of an individual's production, and these figures seem to line up with what I recall. So, I interpret this primarily as the result of companies taking half of everything an individual produces and redistributing it as it sees fit - for all the hatred of socialism, we allow corporations and employers to function in such a manner, but not our own government? Do we believe free market, competitive corporations would be more fair and equitable with regards to how they spend the wealth we produced?
