By my estimates, which will be published soon: Real GDP/labor year [40hours a week x 52 weeks] in 1995 was $54,985 for workers 16 and over. Real GDP/person with work experience was $48,093, and per capita was $32,955. Of course, these figures do not include accumulated wealth, which is what others have mentioned. According to industry breakdowns in Gross Product Originating, actual employee compensation accounted for about 57.9% of the total. Jeff ---------- From: Gar W. Lipow To: [EMAIL PROTECTED] Subject: [PEN-L:125] Re: Re: Re: The Left and Inequality Date: Monday, July 06, 1998 2:57PM Actually I think that even in terms of income that this is plain wrong. I recently saw the figure cited on the LBO list that if the U.S.GDP were distributed equally per hour worked (after substacting capital investment) then pre-tax earnings would be $22 an hour. This means a single earner family would earn $44,000 a year for a forty hour work week. A dual earner family would earn $88,000 a year.
