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GDP is an averaging function, that doesn't show the underlying distribution. Poor people can be doing better while rich people are doing worse. Since economic
by 8note 4y ago
GDP is an averaging function, that doesn't show the underlying distribution.
Poor people can be doing better while rich people are doing worse. Since economic activity is mostly about how the ultrawealthy are doing, there's always a recession when they're doing badly
- s1artibartfast 4y agoThat's an interesting thought. Do you think poor people are helped more by the employment numbers than hurt by the inflation?