return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 7 months agoPoll: More than 60% of middle class say they’re ‘struggling financially’ and are not expecting things to turn around for the rest of their liveswww.thehill.comexternal-linkmessage-square22fedilinkarrow-up1350arrow-down112cross-posted to: usnewsnews@lemmy.world
arrow-up1338arrow-down1external-linkPoll: More than 60% of middle class say they’re ‘struggling financially’ and are not expecting things to turn around for the rest of their liveswww.thehill.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 7 months agomessage-square22fedilinkcross-posted to: usnewsnews@lemmy.world
minus-squareHildegarde@lemmy.worldlinkfedilinkarrow-up63·7 months agoIf the economy is booming and the median american is struggling, your metrics for analyzing the economy are faulty.
minus-squareArbiterXero@lemmy.worldlinkfedilinkarrow-up24·7 months ago100% 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?
minus-squarefreshcow@lemmy.worldlinkfedilinkarrow-up14·7 months agoCouldn’t agree more. “Economy” is just code for rich people’s stocks at this point.
minus-squaregravitas_deficiency@sh.itjust.workslinkfedilinkEnglisharrow-up3·7 months agoIt’s just Goodhart’s Law: When a measure becomes a target, it ceases to be a good measure.
If the economy is booming and the median american is struggling, your metrics for analyzing the economy are faulty.
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?
3
They said “average”, overachiever
Couldn’t agree more. “Economy” is just code for rich people’s stocks at this point.
It’s just Goodhart’s Law: