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Re:Why America's economy is soaring ahead of its rivals by skirge on Thursday December 05, 2024 @05:25AM (#42326756)
if you hired care assistant then you have time for some other activities like work which is more profitable than cost of care assistant thus economy has more goods. Life expectancy lowers when young people die, most often in work accidents which is related to low unemployment.
Re:Why America's economy is soaring ahead of its rivals by jprete on Thursday December 05, 2024 @06:50AM (#42327255)
You're completely missing the problem. The care assistant, being a fungible and commoditized service provider, can never provide the kinds of illiquid unmeasurable goods that are generated by long-term and durable relationships.
Re:Why America's economy is soaring ahead of its rivals by ThunderSizzle on Thursday December 05, 2024 @06:00AM (#42326953)
My wife had a good job. She made the median household income in the area on her salary alone (my salary was still better, but that's beside the point).

When we had our second kid, the hustle wasn't worth it. Two kids in daycare took 90% of her take home pay. It was costing us more for her to work than to stay home with the kids.

Also, kids need their parents. An infant being away from their mom for that long is unhealthy for the infant

Re:Why America's economy is soaring ahead of its rivals by skirge on Thursday December 05, 2024 @12:12PM (#42330166)
It's a choice, economy is about choices and math (staying at home cost < cost of kindergarten) is the tool. (in EU you may prefer to go to work because additional income is that time is added to retirement, even if money is low it has some value).
Re:Why America's economy is soaring ahead of its rivals by throwaway2037 on Thursday December 05, 2024 @08:48PM (#42335232)

    > An infant being away from their mom for that long is unhealthy for the infant
But not their dad?
Re:Why America's economy is soaring ahead of its rivals by badmintonbaseba on Thursday December 05, 2024 @08:32AM (#42328064)
Your argument hinges on my work being more profitable than a care assistants. While that's maybe true, the difference showing in GDP is not the difference of profitability or "value" in our work. What if I'm a care assistant myself? Imagine two care assistants and two scenarios:

1. They are working from Monday to Saturday. They can't take Saturday off, so they hire a care assistant to take care of their grandma on Saturdays, they happen to hire each other.

2. They are working from Monday to Friday. They take care of their own grandma over the weekends.

Scenario 1 adds more to the national GDP.

Re:Why America's economy is soaring ahead of its rivals by skirge on Thursday December 05, 2024 @12:10PM (#42330130)
yes, there are people who can benefit from their own skills. GDP measures what is taxable rather than peoples wealth or well-being.