Thursday, October 22, 2009

Another Reason Not to Buy The Economist

OK, it seems my former magazine flame has not only decided to change politics on me, but has now decided to get fat as well. Does any aspiring economist see what egregious error The Economist did here?
The answer is: "What does a country's GDP per capita have to do with time off?"
What they should have correlated it with is RGDP GROWTH. Just because previous generations busted their asses off for their spoiled children to enjoy high standards of living and take vacation has NOTHING to do with what they're implying. Economic GROWTH is what matters, not the nominal GDP per capita people pre-establishedly enjoy.

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