Re:Development: Time to Leave GDP Behind
by Supermancho on Monday October 31, 2022 @08:02PM
(#33415158)
> that is difficult to fake.
Changing the included values and operands, then calling it a new standard, is common in the US. GDP has been an unreliable metric for decades.
I noticed when the multitude of chip fabs, across california, closed down had coincided with the president announcing the stockmarket gains were being rolled into the accounting. I thought it was obvious that it was not a meaningful metric for measuring production.
Changing the included values and operands, then calling it a new standard, is common in the US. GDP has been an unreliable metric for decades.
I noticed when the multitude of chip fabs, across california, closed down had coincided with the president announcing the stockmarket gains were being rolled into the accounting. I thought it was obvious that it was not a meaningful metric for measuring production.