alt Hacker NewsI’m as frustrated as anybody else with how the economy is going in the US. But we should be skeptical about a new metric with an intuitive name that seems to confirm exactly what we all suspect but is sort of complex to interpret/measure, right?
In particular it seems weird that only we had a massive change during COVID.
Also seems a little odd that Germany was always better than the US, even in the 90’s when things were pretty good here.
Putting it together, we need to have COVID all the time here, so we can match the economic development of Germany immediately post-reunification.
> In particular it seems weird that only we had a massive change during COVID.
It is not weird if you were old enough to be aware of the news during that time. Poor people in the US suddenly coming into money and being lifted out of poverty thanks to COVID stimulus checks was front and center in the news cycle as it was happening. The other countries noted did not follow the same "hand out free money" approach. Their safety nets were built around maintaining continuity during COVID.