Comment on The US population only accounts for 4.2% of the world.
blady_blah@lemmy.world 4 months agoThat’s an interesting read, but I think it misses a point of where that 25% GDP is really coming from. The US makes 25% of the GDP because they outsource. To use other country’s labor, other countries people, other other people’s brains, and they take a huge chunk of profit from it. They then claim that’s their GDP.
America is a very efficient country, with a lot of skilled workers creating a lot of cool products and stuff, but it’s not 5x other countries. The only way to get those numbers is by leveraging the work of other people and claiming it for yourself.
PhlubbaDubba@lemm.ee 4 months ago
That’s not how GDP works
DrunkenPirate@feddit.de 4 months ago
I‘m not sure how GDP is measured for an international company such as Google. Does the entire Revenue count cos the HQ sits in the US? Or is the license fees that it pays to Bahama‘s (in order to avoid taxes) is substracted from the US GDP? Does somebody know how that is measured?
PhlubbaDubba@lemm.ee 4 months ago
Unless it’s the sale of a product or service or the wage earnings or someone who worked on a product or service, it doesn’t contribute to GDP, if country A made product X, it being sold in country B contributes to A’s GDP