How to Calculate Cumulative Growth
How to Calculate Cumulative Growth
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Canada’s cumulative real GDP growth per capita over 10 years is only 1.1%, second-worst among the top 38 high-income economies. We have such an incredible amount of resources that we could be #1, have no federal debt, eliminate income tax, and pay a universal basic income.Instead, these fools can’t even get a pipeline built, yet think they’re shaping a ‘new world order.’
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Canada’s cumulative real GDP growth per capita over 10 years is …
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The economy grew. Pay didn’t. This chart compares cumulative growth in: \t•\tReal GDP per person \t•\tReal median pay Both are inflation-adjusted. Both are compounded over time. Same country. Same period. Very different outcomes. GDP tells you how big the economy is. It does not tell you how that growth was shared. If the economy feels strong on paper but tight in real life, this is why. Sources: Federal Reserve Economic Data (FRED) • Real GDP per capita (BEA) • Real median weekly earnings (BLS)
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