alt Hacker NewsThe 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.
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.
The Gini coefficient and sometimes its' velocity would be a better alternative.
https://en.wikipedia.org/wiki/Gini_coefficient