I remember when Gordon Brown promised "An end to boom and bust economics." I didn't that meant realise no more booms.
In the 90s in the UK, skilled working class tradesmen making huge amounts of money was such a stereotype that there was even a comedy character about it. I can't imagine seeing that happen again.
GDP per capita in the UK is still lower than it was in 2008.
Gen Z have never experienced economic growth. They don't know what it means to get richer.
I remember when Gordon Brown promised "An end to boom and bust economics." I didn't that meant realise no more booms.
In the 90s in the UK, skilled working class tradesmen making huge amounts of money was such a stereotype that there was even a comedy character about it. I can't imagine seeing that happen again.
https://en.wikipedia.org/wiki/Loadsamoney
Not true in isolation. It depends on the productivity difference between the existing average and those being added.
So if you add more people, and gdp per capita goes down, you think it isn't due to the people being added?