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I thought we were talking economic output. GDP isn’t a good metric to use when you compare work that generates no GDP output. Someone already mentioned that tak
by userinanother 3y ago
I thought we were talking economic output. GDP isn’t a good metric to use when you compare work that generates no GDP output. Someone already mentioned that taking care of your own kid generates a net gdp loss of 1.x your income where x is the ammount you would pay to a child care facility.
- justrealist 3y agoWell that's sort of a separate question, my point is that if I pay $5 for someone to cook me a hot dog, 1 hot dog is produced whether sales tax is 0% or 50%, and that's what GDP is measuring.
- userinanother 3y agoThe gdp measures the hot dog and the transaction costs of the hotdog so you buying the hotdog adds both hot dog, cart vendor and health inspector and permit office into the mix.