Mean National Prosperity

On Marketplace last night, Robert Reich talked about a cognitive disconnection regarding the American economy. While the country’s gross national product has been increasing, individuals (other than the top 20%) haven’t been seeing any benefits from the increased productivity. Usually increased productivity goes hand-in-hand with increased wealth. Rather than income and net worth increasing with the GDP, it has stayed flat.

Reich suggested developing a new measure: mean national prosperity. Listen to the show. Perhaps a new indicator can give a clearer picture of economic life in this country.

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Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.

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1 FMF December 29, 2005 at 3:00 pm: How about you just define it for us? :-)
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2 Flexo December 29, 2005 at 7:34 pm: I meant to, but today has been quite busy. :>
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3 Taylor Hain December 30, 2005 at 12:53 am: You also might want to check out the Genuine Progress Indicator.

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