Great article about replacing GDP

David Leonhardt has a great new article about measuring economic progress. This graph shows the main problem with GDP. It has become completely divorced from the reality for 90% of Americans:

By The New York Times | Source: Thomas Piketty, Emmanuel Saez and Gabriel Zucman; Bureau of Economic Analysis

Read the whole thing. It is pretty short.

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Posted in MELI & Econ Stats

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