Do you think the measure of the lowliest full-time annual wage in the entire economy is the best measure of an economy and job market as a proxy of facillitating a good general Qwuabity of Life?

@cheese_greater · edit-2 18 hours ago

Do you think the measure of the lowliest full-time annual wage in the entire economy is the best measure of an economy and job market as a proxy of facillitating a good general Qwuabity of Life?

@[email protected] · 12 hours ago

It’s not a bad measure but I don’t think it’s the best, I’m currently working my way through Spirit Level and so I think some measure like the Gini coefficient would be important.

I think that median income, Gini coefficient, poverty rate and something like the human development index would give a decent overall picture. I don’t think a single metric really does the job.