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These kinds of analysis tend not to work because GDP is really not a very objective measure or anything. Value is very relative. It's entirely possible that 100
by jomamaxx 10y ago
These kinds of analysis tend not to work because GDP is really not a very objective measure or anything. Value is very relative. It's entirely possible that 100% of those people are sad living in the city and would rather live elsewhere, but due to economic issues, cannot. They continue to 'consume'. Were they to live in the country, maybe their 'consumption' would be less, but the real value they ascribe to 'peace of mind' and 'clean air' is much higher. Since there is no 'cost' and no 'exchange of currency' - there is no measure of value created.
The GDP is a very crude thing.
- andrewflnr 10y agoGDP is barely mentioned, as one of many metrics they look at. And he acknowledges many issues entailed in urban living. You seem to be pushing against a point the article isn't making.
- jomamaxx 10y agoWhenever he talked about 'wages' or anything like that, it's de-facto talking about GDP. All economic value in an economic zone = GDP. (roughly). i.e. 'Cities have higher wages' etc. Well, the statement is false depending on how you value wages via their purchasing power of things like 'silence' and 'clean air'.