andyt andyt:
I guess that's what I mean. decrease per capita GDP and you'll have a lot of unhappy people. And again, unlike the benefits of increasing GDP going to the 1 percent, decreasing GDP will fall on the people at the bottom.
You wouldn't have "a lot" of unhappy people if only a few of them suffered the loss that dragged down the average. It could be that most people had an increase in their incomes, even if the total GDP (and, therefore, also per capita GDP) fell.
andyt andyt:
Just trying to reply to Caleb's nonsensical post. If our population is increasing, we would need an increase of durable goods unless you want fewer people, relatively speaking, to have them. Who will give theirs up?
There's a lot of not-necessarily true assumptions in that. It could be that, depending on the way the world changes, people may want and need fewer durable goods (ie, less demand/need for cars with improved mass-transit). But your point is taken.