Frumpagumpus t1_j5bp7vm wrote on January 21, 2023 at 9:03 PM

Reply to comment by jsseven777 in What do you think an ordinary, non-billionaire non-PhD person should be doing, preparing, or looking out for? by Six-headed_dogma_man

> This is why GDP (PPP) per capita is often considered one of the indicators of a country's standard of living,[3][4] although this can be problematic because GDP per capita is not a measure of personal income

far from "it's a bad measure"

nathanielKay t1_j5e2mdx wrote on January 22, 2023 at 9:02 AM

Ah, true. Its the worst measure.

If I have a billion dollars, and you have a thousand friends with nothing, GDP says we're all millionaires.

Yeah nah, one of us is doing fine, the other 999 are living in abject squalor. Which is to say, almost everyone.

Also, there is already a formula for determining QoL, with a dozen or so markers, and the US usually places around 16th or so.

Frumpagumpus t1_j5eh1iu wrote on January 22, 2023 at 12:19 PM

huh, that sounds awful similar, except it puts slightly more emphasis on egalitarianism over raw industrial capacity...