4 ms·
> Should we celebrate or protest when the LIUR increases? By itself the metric seems pointless. For anyone looking at it. Participation does not imply utility
by zanny 7y ago
> Should we celebrate or protest when the LIUR increases?
By itself the metric seems pointless. For anyone looking at it. Participation does not imply utility or value - wartime nations would present extreme LIURs but building bombs doesn't translate into economic prosperity. Likewise, if people aren't working because there is no work to be done or because they value their non-GDP-influencing activities by choice that is only a good thing.
It looks like the kind of metric a C level fawns over to masquerade what looks like productivity when it doesn't actually have to be.