Economists need new indicators of economic misery
Economists need new indicators of economic misery
Existing measures of discomfort are failing to predict elections
https://archive.fo/RxZmH archived link for those without a subscription.
Average price of food vs the median income for inflation/greedflation and rent vs median income to show stressors. It's not hard we've had this for a while.
The largest part of the market is struggling to pay bills in America. Setting economic policy from GDP and cost earnings and all the other bullshit is what's killing economic participation. It's why the Democrats lost all three branches of government.
Of course I wouldn't expect the Economist to report on that accurately.
Of course I wouldn't expect the Economist to report on that accurately.
Out of the financial oriented newspapers, they would be the most likely to do so. They have had several articles about growing inequality in Western countries and they aren't shy about discussing why it can be an issue.