- Thread starter
- #361
ToddsterPatriot, please check my figures & sources. If I’m inadvertently in error, I wish to correct it Respectfully, Supposn
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United States GDP and real GDP 1930-2020 | Statista
Valued in trillion 2020 U.S. dollar’s.
1968 GDP =4,792.3
2019 GDP = 19.091.7
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https://www.thebalance.com/us-gdp-by-year-3305543
Valued in trillion 2020 U.S. dollar’s.
1968 GDP = 4.792 Trillion $
2019 GDP = 19.092 Trillion $
Change of production, (i.e. GDP) =14.300 /19.092 = 0.749 = almost 75%
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1970 census = 203,211,926
2020 (projected census) = 332,639,000
Change of projected population = 0.38969%
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https://www.thebalance.com/us-gdp-by-year-3305543
1968 GDP / 1970 population = 4, 792, 000 / 203,211,926 = 0.02358
2019 GDP / 2020 (PROJECTED) population = 19, 092, 000 / 332,639, 000 = 0.057395
Change of GDP per capita = 0.057395 / 0.02358 = 0.0338
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Federal minimum wage rate of $1.60 in February-1968,
had the equivalent purchasing power of $11.83 in February-2019.
Loss of minimum rate’s purchasing power = (7.25 – 11.83) / 11.83 = 0.387 = more than 38% .
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United States GDP and real GDP 1930-2020 | Statista
Valued in trillion 2020 U.S. dollar’s.
1968 GDP =4,792.3
2019 GDP = 19.091.7
///////////////////////////////////
https://www.thebalance.com/us-gdp-by-year-3305543
Valued in trillion 2020 U.S. dollar’s.
1968 GDP = 4.792 Trillion $
2019 GDP = 19.092 Trillion $
Change of production, (i.e. GDP) =14.300 /19.092 = 0.749 = almost 75%
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Demographic history of the United States - Wikipedia
en.wikipedia.org
2020 (projected census) = 332,639,000
Change of projected population = 0.38969%
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https://www.thebalance.com/us-gdp-by-year-3305543
1968 GDP / 1970 population = 4, 792, 000 / 203,211,926 = 0.02358
2019 GDP / 2020 (PROJECTED) population = 19, 092, 000 / 332,639, 000 = 0.057395
Change of GDP per capita = 0.057395 / 0.02358 = 0.0338
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CPI Inflation Calculator
www.bls.gov
had the equivalent purchasing power of $11.83 in February-2019.
Loss of minimum rate’s purchasing power = (7.25 – 11.83) / 11.83 = 0.387 = more than 38% .
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