There is some labor out there that doesn’t really contribute to the reported GDP numbers. Water and wastewater workers don’t directly contribute to GDP numbers but do allow other people and businesses to contribute to GDP. The amount of treated water a city creates isn’t counted towards GDP.
Actually, wait. Wouldn’t that mean that the earned income from labor that doesn’t contribute to GDP should be excluded (perhaps not in its entirety, because that labor indirectly contributes)? Which means that the difference between GDP and the compensation to labor to create it is larger?
There is some labor out there that doesn’t really contribute to the reported GDP numbers. Water and wastewater workers don’t directly contribute to GDP numbers but do allow other people and businesses to contribute to GDP. The amount of treated water a city creates isn’t counted towards GDP.
Thank you, that is a totally fair criticism.
Actually, wait. Wouldn’t that mean that the earned income from labor that doesn’t contribute to GDP should be excluded (perhaps not in its entirety, because that labor indirectly contributes)? Which means that the difference between GDP and the compensation to labor to create it is larger?