News for hackers. Stuff that matters.
Re:The Limits of Expertise by rsj_hn on Thursday June 14, 2018 @04:21PM (#17315013)
There is a way to measure economic and political performance other than "I have not yet annihilated the planet" -- I mean, that's a pretty low bar. In Italy, GDP per capita is below what it was since the Euro was introduced[1] in 2000. In the U.S., In 2014 the middle class was poorer than it was in 1989[2]. Real median household income has been flat for since 1965, increasing by only $4000 in chained 2016 dollars over that 50 year period[3], whereas the costs of necessities such as housing, college tuition, and healthcare have gone up much faster than income, creating a lot of anxiety.

When things get better for a majority of the people (rather than just for the top), the population is happy with their leadership. When there is a record of failure, then cries of "well, we didn't kill off all life on earth" and "we are experts" are not well received as reasons to keep the current regime in power.

[1]https://tradingeconomics.com/italy/gdp-per-capita [2]https://www.washingtonpost.com/news/wonk/wp/2014/10/01/the-m... [3] https://www.advisorperspectives.com/dshort/updates/2017/09/1...

Re:The Limits of Expertise by Latteland on Thursday June 14, 2018 @11:24PM (#17317314)
Comparing those two years is a little misleading, but I do agree with the concept we haven't done that well as a society in growing wealth for average people. You have to look at longer term trends than comparing one year with the post-stagnation a few years after the worst crash in 80 years. Indeed the chart in that story comparing 1989 through 2013 shows that in most of those years it was better than 1989. I'd like to see the moving 3 or 4 year average comparing the 1980s to the last few years.
Re:The Limits of Expertise by innagadadavida on Friday June 15, 2018 @12:04AM (#17317479)
Despite all the statistical skew, life for the middle and low income people is _drastically_ better in America than most other countries.