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b_b  ·  3029 days ago  ·  link  ·    ·  parent  ·  post: World of Wonders: an economist visits Cuba

    Government employees were paid about $20 per month in 2014, whereas monthly national income per worker was $839, which suggests that government employees keep about five percent of the value of what they produce.

This is eye-popping. Labor takes home about 63% of national income in the US, and we think it's a crisis, since it used to be about 67% (I really don't know if it's appropriate to compare the two directly, but it must mean something, given that we're talking an entire order of magnitude). What a workers' paradise it must be, when 95% of productive value is taken by the government!