Tag Archives: per capita GDP

I’ve been to California a few times, for scientific meetings, for vacation and once for a friend’s wedding. I’ve had a good experience each time. It has always struck me as an expensive place to live, though, and I’m definitely not a beach person.Elon Musk is warning us that the nation will become “Californicated” if Harris is elected. Considering that California’s per capita GDP has grown faster than the nation’s per capita GDP since at least 2011,...

What we need is to disaggregate growth and report on the progress of all Americans. Instead of the one-number-fits-all approach of GDP growth, this new system would report growth for Americans along the income curve, much as the graphs above do. It might indicate, for example, that the bottom 50 percent of Americans experienced growth of 1.3 percent while Americans in the top 1 percent of earners experienced 4.5 percent income growth. Unfortunately, such a system is not currently possible....