A easy read article from Time magazine describing why the way we measure performance is primitive and unhelpful:<\/p>\n
Is GDP An Obsolete Measure of Progress?<\/a><\/p>\n Since last summer the nation’s Gross Domestic Product (GDP) has gone up \u2014 indeed, it grew at a surprising 5.7% rate in the 4th quarter \u2014 seeming to confirm what we’ve been hearing: the recession is officially over. But wait \u2014 foreclosure and unemployment rates remain high, and food banks are seeing record demand. Could it be that the GDP, that gold standard of economic data, might not be the best way to gauge a nation’s relative prosperity?<\/p>\n Read more<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" A easy read article from Time magazine describing why the way we measure performance is primitive and unhelpful: Is GDP An Obsolete Measure of Progress? Since last summer the nation’s Gross Domestic Product (GDP) has gone up \u2014 indeed, it grew at a surprising 5.7% rate in the 4th quarter \u2014 seeming to confirm what …
Continue reading GDP is obsolete.<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[27],"tags":[],"class_list":["post-1197","post","type-post","status-publish","format-standard","hentry","category-economy"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4hwcd-jj","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/1197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/comments?post=1197"}],"version-history":[{"count":2,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/1197\/revisions"}],"predecessor-version":[{"id":1199,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/1197\/revisions\/1199"}],"wp:attachment":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/media?parent=1197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/categories?post=1197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/tags?post=1197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}