4 ms·
Oh? Convince me? Outside of speculation around the fact that BLS heads were replaced?
by N2yhWNXQN3k9 1y ago
Oh? Convince me? Outside of speculation around the fact that BLS heads were replaced?
- deleted 1y ago[deleted]
- remarkEon 1y agoIf there's a different metric go ahead and suggest one. I know you're trying to bait a comment with the BLS reference. It used to be commonplace to observe that GDP is actually a very bad way to measure a country's performance, because it skips over things like income inequality or upward mobility. USSR had great GDP numbers, actually, despite the propaganda in the west at the time. Unfortunately everyone was miserable and, well, the rest is history.
- N2yhWNXQN3k9 1y ago> I know you're trying to bait a comment with the BLS reference I am not. I am generally confused at what you would suggest is wrong with the GDP measurement. We have multiple layers of agencies reporting on GDP and other economic measures the US. There are certainly some troublesome siloed measures (CPI), but I wasn't aware that GDP was one of them. Your take doesn't seem relevant with regard to my knowledge on the subject.
- remarkEon 1y agoMy point is that measuring things via GDP alone is bad and/or dumb. I think that was pretty clear in my comment. "Number go up" is not a sane way to measure progress. I also do not care about your "knowledge" on the subject.
- hshdhdhj4444 1y ago> GDP alone So what are the metrics that you’re using other than GDP to justify your position
- 8note 1y agoI'd consider it a fake number in that people use it to mean something other than just being a number. like, describing GDP as "how rich is your country or state" which I've seen people use to argue that canada and germany are poorer than Mississippi.