GDP doesn't measure everything that matters, but it doesn't matter nothing that matters, either. We don't need to retire GDP; rather, we need to be more aware

GDP doesn't measure everything that matters, but it doesn't matter nothing that matters, either. We don't need to retire GDP; rather, we need to be more aware of its limitations. My favourite example of this is childcare programs. Parents raising their children isn't counted in GDP; but parents who raise someone else's children is counted in GDP. Governments can artificially inflate GDP by enacting policies which expand the outside-of-home childcare industry; you may end up with the same number of adults providing the same quality of care to the same number of children, but GDP is magically higher.