Hacker News new | ask | show | jobs
by willcipriano 1108 days ago
Contrast it to GDP: https://wtfhappenedin1971home.files.wordpress.com/2020/06/wa...

Or labors share of the economy: https://wtfhappenedin1971home.files.wordpress.com/2020/09/ei...

2 comments

50% wage share? I have heard that neoclassical economists still use 0.7 and when you tell them that this is wrong or doesn't work across countries (e.g. you've been cherry picking the data) they ignore you or treat you as some kind of crank.
I thought GDP wasn't a real measure? Are we selectively choosing when and if GDP is a real measure, but specifically only when it's beneficial to the side I am arguing for?