@return2ozma to A Boring Dystopia • 9 months 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.commessage-square22arrow-up1351arrow-down112cross-posted to: [email protected]news
arrow-up1339arrow-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.com@return2ozma to A Boring Dystopia • 9 months agomessage-square22cross-posted to: [email protected]news
minus-squareHildegardelink63•9 months agoIf the economy is booming and the median american is struggling, your metrics for analyzing the economy are faulty.
minus-square@ArbiterXerolink24•9 months 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@freshcowlink14•9 months agoCouldn’t agree more. “Economy” is just code for rich people’s stocks at this point.
minus-square@[email protected]linkfedilinkEnglish3•9 months 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: