3 ms·
For economists, growth is shorthand for growth in (inflation adjusted) GDP, which is the sum of all incomes. Most adults who pay their own bills find it rather
by em500 3y ago
For economists, growth is shorthand for growth in (inflation adjusted) GDP, which is the sum of all incomes. Most adults who pay their own bills find it rather obvious why we should care about income growth: it pays the bills, and hopefully leaves some extra to enjoy nice things and retire at some point.