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A comment on U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Recession. Parent comment

Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec... by Ididntdothis on Wednesday April 29, 2020 @10:02AM (#23019308)
It seems to me that the stock market or GDP are very bad measures for the economy. Maybe we should look more at average purchasing power or something like that which actually has real meaning for the regular citizen. The stock market seems to have turned into its own system that’s detached from the experience of most citizens.
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Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec... by SpicyLemonZest on Wednesday April 29, 2020 @10:11AM (#23019435)
Metrics like that would be a lot more directly meaningful, but the problem is they're impossible to measure. How would you find out what the average purchasing power is on a day-to-day basis?
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Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec... by Ididntdothis on Wednesday April 29, 2020 @10:21AM (#23019573)
On a day to day basis it would be hard but I think a lot of long term policies could be modified for this goal.
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Re:U.S. Economy Shrinks at 4.8% Pace, Signaling Start of Rec... by SpicyLemonZest on Wednesday April 29, 2020 @11:12AM (#23020191)
I think they are. Plenty of people talk about the wealth gap and such. There's just no single number to condense the "average people ought to be able to get a lot of stuff" intuition.
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