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David Watson 🥑
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Except it’s not true. Monaco, Singapore, Qatar, Luxembourg to name a few all have higher gdp per capita.
I think what Google and Facebook ads are is ‘index funds of the world economy’. You want to sell cupcakes in the Philippines? Instagram ads. You want to sell T-shirts in Kenya? You WhatsApp your customers
find me subsections of countries like states, cities or cantons that have higher per capita gdp than California
Imagine growing up in Southern California. Where do you move to after that? You can’t afford to live where you were born, and literally everywhere else is worse than what you’re used to.
Isn't California's higher GDP per capita driven mostly by higher concentration of wealth on specific individuals?
The only activity more profitable than high tech is tax haven for megacorps and ultra rich. That's pretty much all you need to know about equity...
they say per capita but i don't think the california population has been reliably counted
Whomever has been to Ireland can tell about the majority of the people not enjoying this wealth. GDP is a poor measure. Switzerland is a better place to work, live, raise a family, and live peacefully.
California benefits from the Cantillon Effect. Central bank-connected finance buys up tech in Silicon Valley. Adjust for PPP and the map will change a bit.
It's 8 pm and I'm doing my part 🫡 Watch in 2035! We gonna do 10T gross easily and grow at 15%
pretty good representation of the uselessness of gdp considering ireland is the only one blue
*He says, as a crackhead runs by the camera. Trash cans burn in the background*
it's not a gangster but stupid map. you took one of the richest states in the US and compared its PER CAPITA GDP to whole countries.
the fact that most public services suck there proves that value creation is meaningless without good policy. eventually everyone realizes that politics matter, unfortunately
Yeah because GDP is the single greatest predictor of quality of life. We know that from California, right? California doesn't have a permanent underclass of 20 million people, rolling blackouts, and a disfunctional state government either ... right.