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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3:00 pm (reply)
How about you just define it for us? :-)
7:34 pm (reply)
I meant to, but today has been quite busy. :>
12:53 am (reply)
You also might want to check out the Genuine Progress Indicator.
GPI [wiki]