3 ms·
I've taken economic stats with a grain of salt for some time - one because I think after the Carter presidency, the executive branch had a huge incentive to fud
by squozzer 8y ago
I've taken economic stats with a grain of salt for some time - one because I think after the Carter presidency, the executive branch had a huge incentive to fudge the stats.
The other because macro numbers such as CPI and unemployment rates only tell a high-level story, not the one that mattered - which is, what is happening to ME?
But it should be hypothetically possible nowadays to compute a useful individual CPI based on individual buying habits.
Same goes for taxes - it should be possible to determine how much of one's spending power goes to taxes - income, sales, inclusive taxes such as excise/VAT, etc.
Regarding jobs, it might be possible to develop an "employability" stat based on one's current job, age, and maybe location.