what is the world annual income?
i am using the figure of US$75 trillion, based on sprout and weaver, kyklos, v45, 1992, international distribution of income, 1960-1987, p238-256 - which gives world annual income 1987 $25 trillion - at the 6% global inflation figure they give, that would become $75 tn in 2006 - US$75,000 per family av
but if you start with 1987 US$25 tn, and add the actual global inflation figures since then - 15,15,15,30,30,30,30,30,8,8,8,8,8,4,4,4,4% - you arrive at a figure of $275 tn - making the world av ann family income around $275,000
i hav seen figures of $36 tn and $60 tn for 2004
are the ptb giving us understatements of world icnome and pocketing the rest???????
US$275 tn would yield world av /hr rates around US$50 [if we pay all homemakers and tertiary students also, which in justice/nontheft we should]
are there secret trillionaires?
2006-10-08
23:54:58
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2 answers
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Anonymous
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Economics