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US Politics 6d
Great article explaining why you should care about GDP if you care about the working class, written by an actual expert.
23 upvotes, 14 comments. Yik Yak link post by Anonymous in US Politics. "Great article explaining why you should care about GDP if you care about the working class, written by an actual expert."
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The only number that really matters

www.vox.com

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US Politics 6d
the economy grows but the people still struggle. corporations are having record numbers yet the people who they employ struggle. the obvious conclusion, then, is that money is flowing into the hands of the few. the billionaires are the problem.
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14
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Anonymous 6d

It does correlate, yes, but not causation lol. Ireland go crazy since a bunch of companies are incorporated there for low taxes. Germany has a lower GDP per capita than most red states like Nebraska and Iowa. Trust me, for a good quality of life, you would rather live in Germany than Nebraska or Iowa.

upvote 5 downvote
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Anonymous 6d

Economists try not to fetishize poverty challenge impossible

upvote 1 downvote
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Anonymous 6d

I don’t care about the working class

upvote 0 downvote
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Anonymous replying to -> #2 6d

How are you measuring quality of life other than your subjective opinion?

upvote 5 downvote
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Anonymous replying to -> OP 6d

Look at any quality of life index ever and I guarantee you Germany will be better then Nebraska

upvote 1 downvote
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Anonymous replying to -> #2 6d

Are there any quality of life indexes that don’t closely correlate with GDP? Just because you can find an outlier doesn’t mean that it’s a bad metric.

upvote 7 downvote
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Anonymous replying to -> OP 6d

Nope. Like I said it does correlate but it’s not necessarily causation and so we don’t have to 100% be worried about it going down if quality of life is going up for the working class

upvote 1 downvote
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Anonymous replying to -> #3 6d

How is does this in any way “fetishize poverty”?

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Anonymous replying to -> OP 6d

Econ majors are systemically groomed into thinking that GDP increases are the endpoint of civilization, and have all their thinking about anything else killed out

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Anonymous replying to -> #3 6d

What should be the true goal of macroeconomic policy?

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Anonymous replying to -> OP 6d

Bhutan has minimal poverty, environmental protection as constitutional law, and true democratic government by having Gross National Happiness. But I bet yall would lynch anyone arguing this in an economics class

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Anonymous replying to -> #3 6d

Pursuing GDP leads to greater increases in happiness than pursuing happiness directly while also reducing things like poverty more effectively. This is literally the first thing discussed in the article.

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Anonymous replying to -> OP 6d

Because [western economists] have to oppress alternative systems that don't involve corporate mouth r@pe

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Anonymous replying to -> #3 6d

Maybe economists (western and otherwise) don’t want to replicate a system in which 9.8% of people live on less than $3.20 a day.

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