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Not only that, for many people things are going south. I don't really care much about GDP if I have no disposable income nor ability to save money with a normal
by spaniard89277 2y ago
Not only that, for many people things are going south. I don't really care much about GDP if I have no disposable income nor ability to save money with a normal job. And that's the case for a lot of people in Spain, and I presume other countries too.
- Rinzler89 2y agoYeah, it's everywhere. GDP just means how much wealth extraction is going on from the economy. But that extra GDP increase could be extracted from a productive SW business, or from squeezing people on housing costs, but the GPU numbers don't differentiate this.
- jq-r 2y agoHappening in Croatia too. The government is chest thumping how we're having stellar economy, high GDP and whatnot. The economists I've listened to are saying that this is mostly propped up by injection of EU funds so the economy artificially looks fine while in reality its in shambles. At the same time people are emigrating to rest of the Europe (Germany, Ireland mostly). We never had that much emmigration in the history of the country. And people are not leaving because the "economy is stellar". At the same time the government is having no trouble getting immigration historically from Bosnia and nowadays from Asia. "People just don't want to work" the local government is shouting while paying everyone minimum wages, while extracting EU money using their friend's private companies.