Humans are the ones who produce the things needed for a higher quality life. The problem is the 1% of humans at the top who steal the goods everyone else makes, not the majority of humans who contribute to making the world a better place.
First of all, according to your link, the richer countries seem to already be at much higher values, second I have no idea where that 50 percent value comes from even if we ignore the variety in distribution over the various countries.
The countries look darker but if you mark a western country, the shown numbers are slightly bigger than 60%.
If a country has 66% of GDP in form of wages, and you increase the wages by 50%, you need 33% of the GDP which leads to 99% of the GDP being used for wages. Obviously there can’t be more.
Quality life vs. quantity life. Humans should take note.
Humans are the ones who produce the things needed for a higher quality life. The problem is the 1% of humans at the top who steal the goods everyone else makes, not the majority of humans who contribute to making the world a better place.
https://ourworldindata.org/grapher/labor-share-of-gdp
60% of GDP are wages. People can earn 50% more if all profits would be handed out as wages.
I have no idea how that makes any sense.
First of all, according to your link, the richer countries seem to already be at much higher values, second I have no idea where that 50 percent value comes from even if we ignore the variety in distribution over the various countries.
The countries look darker but if you mark a western country, the shown numbers are slightly bigger than 60%.
If a country has 66% of GDP in form of wages, and you increase the wages by 50%, you need 33% of the GDP which leads to 99% of the GDP being used for wages. Obviously there can’t be more.