Submitted by sviterochec t3_zwg08l in worldnews
Sinaaaa t1_j1v96uc wrote
Reply to comment by Adam-West in Ukraine lessens projected GDP fall from 50% to 32% by sviterochec
> GDP but doesn’t actually improve people’s lives in a normal context.
That's just how GDP is in general.
Adam-West t1_j1v9dzd wrote
Yeah but we use it as a metric like this is under the assumption that as a whole higher GDP = Higher quality of life even though it’s far from perfect
adashko997 t1_j1vbpvk wrote
Honestly I don't see that very often. Except for some comments on a Reddit thread some time ago about California breaking yet another nominal GDP record taking this as proof that the state is a fantastic place to live even though GDP doesn't mean shit in this context.
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