LamarkNewAge writes:
The average income in the United States appears to be going toward $59,000 per person for 2017.
The statistical Naze in me can't help but point out that this is the median income which is different from the average or mean income.
The world average should be over $11,000 for 2017 but that depends on how much worse the dollar gets. (Purchasing power in the world will average over $17,000 per person in 2017).
A truly universal (that is worldwide) income right of $250 per month (PPP or purchasing power parity) might be in order if one wants faster economic growth and the (near)end of abject poverty.
I'm not an economic expert, but it seems like a bad idea to dump a lot of cash into an economy since it could create unmanageable inflation/deflation. It also reminds me of a story my grandfather used to tell about his time in the US Army during WW II. There were quite a few guys who liked to gamble and play poker. Within a few days of getting their paychecks a lot of those guys would be broke, but there were a few card sharks that would be flush with money, and it was usually the same guys each month. Just flooding the economy with money seems like a bad idea, but it might work if it is balanced by building infrastructure that would produce good paying jobs in the long term. Otherwise, all of that money moves into the pockets of barons or an economic oligarchy (think Russia) and stays there.
But I could be completely wrong. Again, I'm not an expert in economics.