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 5 months ago by [email protected] to c/[email protected]
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[–] [email protected] 63 points 5 months ago (3 children)

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

[–] [email protected] 3 points 5 months ago

It’s just Goodhart’s Law:

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

[–] [email protected] 24 points 5 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?

[–] [email protected] 7 points 5 months ago (1 children)

3

[–] [email protected] 2 points 5 months ago

They said "average", overachiever

[–] [email protected] 14 points 5 months ago

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