alt Hacker NewsThe economy can get better while life gets worse for most people. After all, an economy where 95% of the work was done by enslaved people might produce amazing profits and a very high GDP....
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Joel_Mckay • today at 6:09 PM
GDP is a measure of economic activity, and goes up when people are forced to rebuild after natural disasters etc.
%Debt to GDP excluding military pay and allowances indicates how your grandchildren will live. Above >130% they will be poor, and remain poor indefinitely. You may disagree, but it is not like anyone wants this to happen.
The economic conservatives were compromised, and went insane =3
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The use of GDP, or GDP/Population as the primary metric is a real problem.
We need to use a metric that is closer to "total economic benefit for the median person", that would include income, as well as government services.