| ▲ | dlev_pika 4 hours ago | |||||||
Which is? | ||||||||
| ▲ | jaggederest 2 hours ago | parent [-] | |||||||
GDP = C + I + G + Xn = W + I + R + P (To grossly simplify the single-nation macroeconomic picture, at least) C = consumption I = investment (the first one) G = government Xn = net exports W = wages paid to labor I = interest on capital R = rent on resources and real property P = profit to entrepreneurs consumption ~= wages, so if wages go to zero, the economy massively shrinks unless government steps in with something like taxation to fund UBI, sovereign wealth fund distributions, or direct universal ownership. | ||||||||
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