@return2ozma@lemmy.world to A Boring Dystopia@lemmy.world • 1 year 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-square21arrow-up1352cross-posted to: news@lemmy.world
arrow-up1352external-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.com@return2ozma@lemmy.world to A Boring Dystopia@lemmy.world • 1 year agomessage-square21cross-posted to: news@lemmy.world
minus-squareHildegardelinkfedilink63•1 year agoIf the economy is booming and the median american is struggling, your metrics for analyzing the economy are faulty.
minus-square@ArbiterXero@lemmy.worldlinkfedilink24•1 year 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-square@freshcow@lemmy.worldlinkfedilink14•1 year agoCouldn’t agree more. “Economy” is just code for rich people’s stocks at this point.
minus-square@gravitas_deficiency@sh.itjust.workslinkfedilinkEnglish3•1 year 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?
3
They said “average”, overachiever
Couldn’t agree more. “Economy” is just code for rich people’s stocks at this point.
It’s just Goodhart’s Law: