Scandinavia and the World

Comments #9744853:


Every time 19 3, 6:25am

@AzureReaver Late to the party, but I just wanted to point out some things from your first paragraph:
You cite GDP per capita as evidence that higher education doesn't equal higher wages, but let us think for a moment what GDP per capita actually measures. It says nothing about the population's wages or income. It says that if you were to divide it equally amongst the people, that's the value you get. To make a silly example: If a country has a population of 1 billion people living in extreme poverty out of the world's 7 billion people, but a single person in that country accounts for 90% of the world's GDP, then that country would rank as number one in GDP per capita by a large margin.

So if you want to argue for wage differences, median income would be better, but unfortunately that data is not as commonly collected and thus not as reliable:

Not sure what the "socialist principle" from Marx you're referring to, but irregardless of if you're a capitalist or American, you should not refute any claim based on that. Marx has actually pointed out a lot of inherent problems with capitalism which in themselves are fair. His predictions and suggested solutions are questionable though. Let's skip the narrative that "Marx and communism are bad" and actually discuss the issues at face value. Cheers!

America wearing England's shirt