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Re:US Gross Domestic Product, Second Quarter 2022 (Advance E... by 8note on Thursday July 28, 2022 @09:27PM (#32272102)
GDP is an averaging function, that doesn't show the underlying distribution.

Poor people can be doing better while rich people are doing worse. Since economic activity is mostly about how the ultrawealthy are doing, there's always a recession when they're doing badly

Re:US Gross Domestic Product, Second Quarter 2022 (Advance E... by s1artibartfast on Friday July 29, 2022 @12:19AM (#32273095)
That's an interesting thought. Do you think poor people are helped more by the employment numbers than hurt by the inflation?