The Guardian view on GDP: a poor measure of what matters in Britain’s economy | Editorial
https://www.theguardian.com/commentisfree/article/2024/jun/19/the-guardian-view-on-gdp-a-poor-measure-of-what-matters-in-britains-economy
by jgs952
The Guardian view on GDP: a poor measure of what matters in Britain’s economy | Editorial
https://www.theguardian.com/commentisfree/article/2024/jun/19/the-guardian-view-on-gdp-a-poor-measure-of-what-matters-in-britains-economy
by jgs952
1 comment
In the US, the only period which enjoyed reduced wealth disparity and middle class mobility was that of the postwar period which experienced growth exceeding 10% for a near decade.
While globalism has certainly changed the game and GDP in the range of 10% is very unlikely for any nation, ditching growth as metric of prosperity seems a little gratuitous to me.
Growth matters and it probably matters most to the working classes.