When asked to rate the national economy, some people base it on how they're doing financially or what they experience themselves. That might seem odd at first
No it’s not! That’s not weird! The strength of the economy is supposed to relate to people’s personal experiences! If the economy is doing “well” but everything is still getting worse for almost everyone, then either we’re measuring the wrong things, or the premise that economic health, as defined, is good for society is false.
The deal is that the line goes up and everyone gets more. If that’s no longer true, there’s no reason to sacrifice anything for economic growth. We should just be making sure that people are getting their basic needs met and that’s it.
No it’s not! That’s not weird! The strength of the economy is supposed to relate to people’s personal experiences! If the economy is doing “well” but everything is still getting worse for almost everyone, then either we’re measuring the wrong things, or the premise that economic health, as defined, is good for society is false.
The deal is that the line goes up and everyone gets more. If that’s no longer true, there’s no reason to sacrifice anything for economic growth. We should just be making sure that people are getting their basic needs met and that’s it.