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A comment on We’re in a productivity crisis, according to 52 years of data. Parent comment
If I spend a day doing my garden and my neighbour spends a day painting his kitchen, nothing is added to GDP
If I pay my neighbour to do my garden and he pays me to do my kitchen then GDP increases.
If I work longer and spend that money on child care that increases GDP but not quality of life.
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If I spend a day doing my garden and my neighbour spends a day painting his kitchen, nothing is added to GDP
If I pay my neighbour to do my garden and he pays me to do my kitchen then GDP increases.
If I work longer and spend that money on child care that increases GDP but not quality of life.