yea that too
Sudden question occured to me. How would FoL threads look on the wayback macchine
1 Like
gdp measures Total Wealth which definitely doesn’t measure how much it costs to live
terrifying prospect
They showed this using ppp gdp, not gdp
1 Like
Prepare to get wayback clipped
1 Like
China was above us btw
1 Like
what
1 Like
economic indicators used to determine if an economy is doing well are not is more than just gdp, but it’s been awhile since i’ve seen the arguments in detail so i can’t remember any of the specifics on either side
gdp reflected for the price of living
1 Like
I double that
1 Like
yea ik but idk
Like the price of living in china being WORSE than in USA?
1 Like
A “GDP PPP graph” represents a visual depiction of a country’s Gross Domestic Product (GDP) calculated using Purchasing Power Parity (PPP), which essentially means adjusting the GDP value to reflect the cost of living in that country, allowing for a more accurate comparison of economic output between different nations with varying price levels; essentially showing how much a country produces in terms of goods and services when considering the local cost of those goods and services, rather than just the exchange rate to a common currency
Not sure how it measures things like “rent” though or “insurance”
1 Like
i don’t think its measuring that
Litten isn’t your color pallette red on top
Dunno sounds a bit fake to me
one metric I’ve seen talked about a lot as why economic perception is bad is housing, and how there’s been a sharp increase in the post-lockdown period
(graph source: House price to income ratio in the U.S. 2023 | Statista )
so even if generally wages have outpaced inflation, the cost of housing is clearly running away from income in a way that’s going to hurt the vast majority of americans
3 Likes