Thursday, November 11, 2010

Echo chamber...

Today our hero:

I will say, though, that looking at any trade-related issues as a question of “China” versus “America” is always misleading. Industry employes just 27 percent of China’s workforce. Almost 40 percent of Chinese workers are laboring in agriculture, together producing only 10 percent of China’s GDP and thus being quite poor.
Subsistence farming doesn't count toward GDP, which is why we don't use percentage of GDP when we talk about poverty. We have also had this conversation one million times before, Matthew.

1 comments:

  1. He really can't help it. He's just not very bright.

    ReplyDelete