Quote:
Originally Posted by AlexanderHowl
If the Earth population was 2 billion people, the average income would be $31,000 (GURPS) or $62,000 (2018$). In effect, the average standard of living on Earth would be slightly better than that of the USA. Imagine if the average person in Ethiopia or Bangledesh earned $31,000 (2018$) rather than $900 and you start to understand the difference. The global GDP would be around $62 trillion (GURPS) or $124 trillion (2018$) because there would be less inefficiencies in the global economic system.
|
Only if you assume that the economic output remained the same while nearly 75% of the labor force disappeared. At best that's a partial equilibrium solution.