3 ms·

GDP is not just a number you know. If one were previously hungry and cold and are now well fed and comfortable, of course that affects happiness. Why do you dou

by dagss 8y ago

GDP is not just a number you know. If one were previously hungry and cold and are now well fed and comfortable, of course that affects happiness. Why do you doubt that?

mc32 8y ago
As Bill Clinton strategist Jim Carville once said, "it's the economy, [----]".
Apocryphon 8y ago
The U.S. GDP has increased greatly since 2008, and yet there is widespread discontent in America.
- close04 8y ago
  Wealth only really matters to the point where you can support a good living. That "good" will vary but beyond that increases in wealth bring diminished returns. Think about a salary: if it's below a threshold you are unhappy no matter what. Above that any raise brings more marginal increases in satisfaction, you start looking at other things for that. The US is past that point so now it needs more than wealth.
- yourbandsucks 8y ago
  .. that statement doesn't really have a lot to do with how things are/were in China. Americans don't even know what real poverty looks like.
- saiya-jin 8y ago
  GDP can be one marker for 'things are improving'. Of course it isn't the full picture - when you are living in increasingly restrictive state monitoring you against your own will, you feel the government is bunch of idiots, jobs have been shifting away and so on and on, people are not that happy. Rich are getting richer, poor poorer. If you are 2 joints away from serving prison sentence and having your life ruined for good (maybe less relevant these days). Losing 'friends' around the world - 30 years ago, americans were heroes, WW2 saviors of the europe and the world, America was land of endless opportunities and most importantly - freedom. Now its the opposite - unlawful killing of somebody with tons of civilians with drones wherever they want, and in the same time being very friendly with horrible regimes like the one in Saudi Arabia because oil and money. Freedom and US ain't the same thing after 9/11. Plus on top of that workaholic US mindset, that weird attitude that your job defines who you are and whats your position in society. None of this can make masses happy, in contrary.
colechristensen 8y ago
What's the relationship between wealth and happiness? Is it linear?
- treerock 8y ago
  Probably impossible to say, but I'd guess you'd have diminishing returns. So economic growth in a poor country will have much greater benefit than the same level of growth in a rich country.
- Erlich_Bachman 8y ago
  There is a significant positive correlation, up to about 70k USD/year. After that (at higher incomes) there is no reliable correlation.
  - doktrin 8y ago
    That magical $70k figure has been bandied about for the better part of a decade, yet nobody ever seems to adjust it either for locality or inflation.

by dagss 8y ago

GDP is not just a number you know. If one were previously hungry and cold and are now well fed and comfortable, of course that affects happiness. Why do you doubt that?

mc32 8y ago

As Bill Clinton strategist Jim Carville once said, "it's the economy, [----]".

Apocryphon 8y ago

The U.S. GDP has increased greatly since 2008, and yet there is widespread discontent in America.

close04 8y ago
Wealth only really matters to the point where you can support a good living. That "good" will vary but beyond that increases in wealth bring diminished returns. Think about a salary: if it's below a threshold you are unhappy no matter what. Above that any raise brings more marginal increases in satisfaction, you start looking at other things for that. The US is past that point so now it needs more than wealth.
yourbandsucks 8y ago
.. that statement doesn't really have a lot to do with how things are/were in China. Americans don't even know what real poverty looks like.
saiya-jin 8y ago
GDP can be one marker for 'things are improving'. Of course it isn't the full picture - when you are living in increasingly restrictive state monitoring you against your own will, you feel the government is bunch of idiots, jobs have been shifting away and so on and on, people are not that happy. Rich are getting richer, poor poorer. If you are 2 joints away from serving prison sentence and having your life ruined for good (maybe less relevant these days). Losing 'friends' around the world - 30 years ago, americans were heroes, WW2 saviors of the europe and the world, America was land of endless opportunities and most importantly - freedom. Now its the opposite - unlawful killing of somebody with tons of civilians with drones wherever they want, and in the same time being very friendly with horrible regimes like the one in Saudi Arabia because oil and money. Freedom and US ain't the same thing after 9/11. Plus on top of that workaholic US mindset, that weird attitude that your job defines who you are and whats your position in society. None of this can make masses happy, in contrary.

colechristensen 8y ago

What's the relationship between wealth and happiness? Is it linear?

treerock 8y ago
Probably impossible to say, but I'd guess you'd have diminishing returns. So economic growth in a poor country will have much greater benefit than the same level of growth in a rich country.
Erlich_Bachman 8y ago
There is a significant positive correlation, up to about 70k USD/year. After that (at higher incomes) there is no reliable correlation.
- doktrin 8y ago
  That magical $70k figure has been bandied about for the better part of a decade, yet nobody ever seems to adjust it either for locality or inflation.