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[-] Hildegarde@lemmy.world 63 points 5 months ago

If the economy is booming and the median american is struggling, your metrics for analyzing the economy are faulty.

[-] ArbiterXero@lemmy.world 24 points 5 months ago

100%

We’re measuring our economy by how much can be siphoned off by investors.

That’s a really shitty measure.

I mean at this rate, why don’t we measure it by how many oranges the average citizen can squeeze up their ass?

[-] NovaPrime@lemmy.ml 7 points 5 months ago
[-] Dhar@lemmy.ca 2 points 5 months ago

They said "average", overachiever

[-] freshcow@lemmy.world 14 points 5 months ago

Couldn't agree more. "Economy" is just code for rich people's stocks at this point.

It’s just Goodhart’s Law:

When a measure becomes a target, it ceases to be a good measure.

this post was submitted on 04 Jun 2024
337 points (96.7% liked)

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