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Why is Per Capita Income of USA and Canada high?
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Answers
per capita income (PCI) of USA and Canada become high .
explanation
as we know PCI is depend on total average income of people and it's population etc
in USA ,Canada and Mexico country who introduced free trade system called NAFTA which helps in per capital income of USA and Canada
my logic
free trade system helps USA and Canada to increase its PCI because
people of another country like China ,Japan ,Korea etc look at the place to business in America and Canada they found open and free business place .They came and open many industries but each industry wants large masses of people to work so they take workers to the people of USA and Canada .it is because the expenditure of labour charge decrease as they don't have to pay communication fee ,so in America and canada the unemployment is decrease every people have job .A large number of company interested in America and Canada to do business .it creates competition among company which
cause increase of salary of American and Canada people and they get more facility .
now the new rule introduce by American president Donald trump
that the people of another country who came America as a workers the company have to pay large scale of fee and limits VISA for that people is made to decrease unemployment in America as well as terror too .
But according to me it may also decrease it's economy because the workers who have Tallent they must open business in his own country and in that way people are less interested in America so it may Herm America economically.