4 ms·
Although you're being downvoted, this is a growing sentiment among researchers and others near the field. There are calls to improve measurements of a society's
by thesagan 5y ago
Although you're being downvoted, this is a growing sentiment among researchers and others near the field. There are calls to improve measurements of a society's wealth, as well as individual.
Current headlines use the broad statistics, such as the most exclusive unemployment stats, that don't really capture what's happening on Main Street.
The reporting on the economy barely pokes at issues and are generally just looking for general correlations, such as "Stocks do X as Y does that," or "GDP is doing X while Y is doing Z."
- iudqnolq 5y ago> Current headlines use the broad statistics, such as the most exclusive unemployment stats, that don't really capture what's happening on Main Street. You probably know this, but just to clarify economics has many more complicated statistics than those that make it into newspaper headlines. For example, the "unemployment number" is technically U1. U2, U3, U4, etc. capture different nuances.
- thesagan 5y agoYep, that's exactly what I was hinting at.