undefined | Better HN

0 pointsbeedogs10y ago0 comments

> If you are willing to look beyond the rich world: world average GDP per capita is something like 10k USD. At 2000 hours worked per year, that 0.5 USD per hour.

No it isn't. It's $5 an hour, barely under the US minimum wage.

0 comments

eru10y ago

Thanks for catching that! Sorry, I obviously can't do arithmetic.

Interesting that the global gdp is that high, actually.

Comparing to the minimum wage is still a bit misleading, since the wage share of GDP is far from 100%.

j / k navigate · click thread line to collapse