The American economy has left other rich countries in the dust

Re:The American economy has left other rich countries in the... by mjamesaustin on Tuesday October 15, 2024 @11:53AM (#41849841)

GDP is increasingly a poor measure of economic well being, as wealth inequality becomes so bad a handful of individuals capture the lion's share of growth.

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Re:The American economy has left other rich countries in the... by sheefrex on Tuesday October 15, 2024 @12:06PM (#41850018)

Sometimes I like to think of GDP as a measure of economic (productive) power more than well-being. But other indicators are more important for the long-term, such as those on demographics, education, debt levels, etc. You probably don't want to sacrifice those for a transient boost in GDP.

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Re:The American economy has left other rich countries in the... by slothtrop on Tuesday October 15, 2024 @12:05PM (#41850004)

GDP-per-capita is a thing

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Re:The American economy has left other rich countries in the... by NoGravitas on Tuesday October 15, 2024 @02:20PM (#41851477)

And highly misleading if there's significant income inequality.

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Re:The American economy has left other rich countries in the... by Sohcahtoa82 on Tuesday October 15, 2024 @02:42PM (#41851735)

GDP-per-capita still doesn't capture inequality.

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Re:The American economy has left other rich countries in the... by slothtrop on Tuesday October 15, 2024 @03:50PM (#41852417)

Look at wages and household income. The wealthy don't rely on them, they have capital.

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