Hacker News new | ask | show | jobs
by manuelmoreale 663 days ago
> GDP per capita is often considered an indicator of a country's standard of living; however, this is inaccurate because GDP per capita is not a measure of personal income.

It also doesn’t take into account cost of living. You might as well make 300% more but if everything is 500% more expensive I don’t see why that’s an indication of things being better.