137
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 26 Jun 2024
137 points (85.1% liked)
Showerthoughts
28417 readers
366 users here now
A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. The best ones are thoughts that many people can relate to and they find something funny or interesting in regular stuff.
Rules
- All posts must be showerthoughts
- The entire showerthought must be in the title
- Posts must be original/unique
- Be good to others - no bigotry - including racism, sexism, ableism, homophobia, transphobia, or xenophobia
- Adhere to Lemmy's Code of Conduct
founded 1 year ago
MODERATORS
That's not how GDP works
Edit to elaborate, GDP is calculated based on final goods and services, outsourced work exclusively counts towards the GDP of the country that work is done in, and only affects the GDP of another country when they buy what the first country made, but the outsourced work still happens in country A, so country A gets all the GDP created by selling finished goods, and all the GDP of the work done on unfinished products within their borders.
Basically, the US isn't sitting on everyone else's money, it just genuinely makes and sells that much shit
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?
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