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Stock market has become something that countries use to advertise and show power, much like GDP. Gone are the days when the S&P and the GDP represented a conde
by GDC7 5y ago
Stock market has become something that countries use to advertise and show power, much like GDP.
Gone are the days when the S&P and the GDP represented a condensed data point to enable people to evaluate the general health of the economy and companies.
This happens everywhere, as soon as a KPI start monopolizing the conversation, the optimizer/cheater in all of us decides to start finding ways to prop up the KPI instead of improving operations and let the KPI fall where it may.
But truth cannot be hidden, lies won't conceal it.
Even with stock market at all time highs, people are miserable, that's the only KPI you cannot fake.
- deleted 5y ago[deleted]
- fnord77 5y ago> people are miserable, that's the only KPI you cannot fake. too bad this can't really be quantified. Or can it?
- epicureanideal 5y agohttps://www.theatlantic.com/family/archive/2021/06/worlds-happiest-countries-denmark-finland-norway/619299/ https://www.theatlantic.com/family/archive/2021/06/worlds-ha... > "If you imagine a ladder whose rungs are numbered zero to 10, and zero represents your worst possible life and 10 represents your best, which rung would you be on?" https://worldhappiness.report/ https://worldhappiness.report/ Alternative measurement method based on PERMA: https://www.peggykern.org/questionnaires.html https://www.peggykern.org/questionnaires.html
- throwawaysea 5y agoCan self reported data be relied upon? People only know the life they know and don’t necessarily know it could be better. I often find the Scandinavian ratings on these questions to be suspicious. Personally I found life in those countries to be boring and soulless. Everything was fine but it lacked spirit or something - I’m not sure what the right words are. Since then I’ve viewed their high responses with skepticism as I think the majority of Americans would not find life there to be some amazing utopia.
- Tijdreiziger 5y agoDoes that matter? The point is to measure how happy people are, not how happy others would be in their shoes.
- deleted 5y ago[deleted]
- redisman 5y agoI mean it’s all subjective. I’m not too surprised if people in the aggregate are happier living in homogeneous, safe and more equal societies. The US is exciting but the median person is not living a great life here and the bottom 20 percentile is living in serious poverty on a western scale
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