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GDP is a measure of economic activity, and goes up when people are forced to rebuild after natural disasters etc. %Debt to GDP excluding military pay and allow
by Joel_Mckay 8mo ago
GDP is a measure of economic activity, and goes up when people are forced to rebuild after natural disasters etc.
%Debt to GDP excluding military pay and allowances indicates how your grandchildren will live. Above >130% they will be poor, and remain poor indefinitely. You may disagree, but it is not like anyone wants this to happen.
The economic conservatives were compromised, and went insane =3
- CalRobert 8mo agoI wish it were easier to measure well-being. Someone who works 20 hours a week and half has as much money may well be enjoying life more than someone working 40 hours a week, but we don't quantify this well. When I lived in California I was always weirded out by colleagues talking about how they never took vacations. It's like bragging about being poor.
- Joel_Mckay 8mo agoGenerally, there is a fundamental philosophical difference between currency and wealth. In silicon valley, a middle class life is well over >$180k/yr, as Rent-seeking economics is unsustainable. Rule #23: Don't compete to be at the bottom, as you just might actually win. Have a glorious day =3 The ikigai chart helps some highlight better options: https://hyperisland.com/en/blog/thought-leadership/feeling-drained-at-work https://hyperisland.com/en/blog/thought-leadership/feeling-d...