GDP Metric Criticisms
This cluster debates the limitations and flaws of GDP as a measure of economic prosperity, wellbeing, quality of life, and real wage growth, often arguing it fails to capture true societal value.
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GDP isn't the metric of happiness and wellbeing :)
Not a problem, let's educate you a little. When graphed together GDP growth and real wages in the US show a disparity that clearly indicates that increases in GDP go somewhere other than working Americans. This being the case GDP metrics don't communicate meaningful information about quality of life.https://www.epi.org/productivity-pay-gap/
Assumes GDP is a good measure without this hypothetical
Apologies, I was thinking froma GDP perspective.
"GDP measures everything except that which is worthwhile"
Sure, GDP is not totally accurate (not sure about extremely though), you feel free to bring better metric and we will check it.
Nobody said GDP equals quality of life, what are you talking about?
Goes to show how much GDP is a good measure (or target) to aim for.
GDP is not a perfect indicator.
Your assumptions are wrong. GDP does not mean anything in real life