How do you measure the economic success of a country?
By one classic measure, GDP per capita shows individual economic
prosperity. But comparing countries simply by this metric doesn’t tell
the whole story. To get a better idea of living standards, it helps to
look at how far your money will go along with adjusting for labor
productivity.
Read the rest of the story HERE:

At www.visualcapitalist.com
Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.
His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/
Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)