this post was submitted on 04 Jun 2024
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A Boring Dystopia

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Poll: More than 60% of middle class say they’re ‘struggling financially’ and are not expecting things to turn around for the rest of their lives (www.thehill.com)
submitted 4 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world
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[–] Hildegarde@lemmy.world 63 points 4 months ago (3 children)

If the economy is booming and the median american is struggling, your metrics for analyzing the economy are faulty.

[–] ArbiterXero@lemmy.world 24 points 4 months ago (1 children)

100%

We’re measuring our economy by how much can be siphoned off by investors.

That’s a really shitty measure.

I mean at this rate, why don’t we measure it by how many oranges the average citizen can squeeze up their ass?

[–] NovaPrime@lemmy.ml 7 points 4 months ago (1 children)

3

[–] Dhar@lemmy.ca 2 points 4 months ago

They said "average", overachiever

[–] freshcow@lemmy.world 14 points 4 months ago

Couldn't agree more. "Economy" is just code for rich people's stocks at this point.

[–] gravitas_deficiency@sh.itjust.works 3 points 4 months ago

It’s just Goodhart’s Law:

When a measure becomes a target, it ceases to be a good measure.