5 ms·
Adjust GDP per hours worked, you will find Europe has eclipsed the US in terms of productivity. The US has the benefit of the government borrowing insane amoun
by BunsanSpace 8mo ago
Adjust GDP per hours worked, you will find Europe has eclipsed the US in terms of productivity.
The US has the benefit of the government borrowing insane amounts of money to juice it's economy, by being the world hegemony. That advantage has evaporated and you see the current capital going to unproductive industries.
- Esophagus4 8mo ago> Adjust GDP per hours worked And why would we do that? I guess if you torture the data long enough it will confess to anything.
- BunsanSpace 8mo agobecause productivity is the important metric, GDP per hours worked measures this, and better demonstrates the quality of life given to citizens. European productivity is beating American productivity. American GDP is heavily warped by money borrowing and previously foreign investment.