If there's a different metric go ahead and suggest one. I know you're trying to bait a comment with the BLS reference. It used to be commonplace to observe that GDP is actually a very bad way to measure a country's performance, because it skips over things like income inequality or upward mobility. USSR had great GDP numbers, actually, despite the propaganda in the west at the time. Unfortunately everyone was miserable and, well, the rest is history.
> I know you're trying to bait a comment with the BLS reference
I am not. I am generally confused at what you would suggest is wrong with the GDP measurement.
We have multiple layers of agencies reporting on GDP and other economic measures the US. There are certainly some troublesome siloed measures (CPI), but I wasn't aware that GDP was one of them.
Your take doesn't seem relevant with regard to my knowledge on the subject.
remarkEon|5 months ago
N2yhWNXQN3k9|5 months ago
I am not. I am generally confused at what you would suggest is wrong with the GDP measurement.
We have multiple layers of agencies reporting on GDP and other economic measures the US. There are certainly some troublesome siloed measures (CPI), but I wasn't aware that GDP was one of them.
Your take doesn't seem relevant with regard to my knowledge on the subject.
8note|5 months ago
like, describing GDP as "how rich is your country or state" which I've seen people use to argue that canada and germany are poorer than Mississippi.
unknown|5 months ago
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