Comment by andrei_says_
16 hours ago
How is GDP per capita a useful measure in the presence of almost-trillionaires?
Depending on which city they sleep in, Bezos or Musk make all local citizens multimillionaires. Per capita. Statistically.
16 hours ago
How is GDP per capita a useful measure in the presence of almost-trillionaires?
Depending on which city they sleep in, Bezos or Musk make all local citizens multimillionaires. Per capita. Statistically.
Henry Ford had about 200Billiin adjusted for inflation around that time. Not quite as high as a couple of guys today but not that far off
This is very true. One should look at some select percentiles instead, IMHO.