return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 26 days agoPoll: More than 60% of middle class say they’re ‘struggling financially’ and are not expecting things to turn around for the rest of their liveswww.thehill.comexternal-linkmessage-square20fedilinkarrow-up1336arrow-down112cross-posted to: news@lemmy.world
arrow-up1324arrow-down1external-linkPoll: More than 60% of middle class say they’re ‘struggling financially’ and are not expecting things to turn around for the rest of their liveswww.thehill.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 26 days agomessage-square20fedilinkcross-posted to: news@lemmy.world
minus-squareHildegarde@lemmy.worldlinkfedilinkarrow-up59·26 days agoIf the economy is booming and the median american is struggling, your metrics for analyzing the economy are faulty.
minus-squareArbiterXero@lemmy.worldlinkfedilinkarrow-up21·26 days ago100% We’re measuring our economy by how much can be siphoned off by investors. That’s a really shitty measure. I mean at this rate, why don’t we measure it by how many oranges the average citizen can squeeze up their ass?
minus-squarefreshcow@lemmy.worldlinkfedilinkarrow-up12·26 days agoCouldn’t agree more. “Economy” is just code for rich people’s stocks at this point.
minus-squaregravitas_deficiency@sh.itjust.workslinkfedilinkEnglisharrow-up2·25 days agoIt’s just Goodhart’s Law: When a measure becomes a target, it ceases to be a good measure.
If the economy is booming and the median american is struggling, your metrics for analyzing the economy are faulty.
100%
We’re measuring our economy by how much can be siphoned off by investors.
That’s a really shitty measure.
I mean at this rate, why don’t we measure it by how many oranges the average citizen can squeeze up their ass?
Couldn’t agree more. “Economy” is just code for rich people’s stocks at this point.
It’s just Goodhart’s Law: