I think of GDP as muscle mass on a body builder.
At a certain point, it just stops making sense and being healthy.
Some can’t even scratch their own backs anymore, duh.
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hellothere@sh.itjust.works 6 days agoCorrect, GDP is a dumb measure, and even it’s inventor said it cannot be used alone.
gandalf_der_12te@discuss.tchncs.de 5 days ago
anomnom@sh.itjust.works 6 days ago
Yeah we need to be kept employed at around 94% while we starve to death.
taladar@sh.itjust.works 5 days ago
Well, technically 100% employment wouldn’t be desirable, that would mean nobody can ever switch jobs or take some time off from working to deal with some personal issues or projects.
hitmyspot@aussie.zone 5 days ago
I think employment is based on those seeking work. So if you take time off, you wouldn’t be counted. It’s a balance in the market that stops wage rises and inflation when there is unemployment. It’s obviously not desirable for the individual.
anomnom@sh.itjust.works 5 days ago
No it’s that wages climb too much when unemployment is too low. The Feds even fucking said it during the inflation. They wanted a higher unemployment rate. Super fucked unless there was ever a basic income.