Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
Andrew Yang You are in the Yang 2020 Group. Only members who have selected Andrew Yang as their preferred Democratic presidential candidate are permitted to post in this Group.

Sherman A1

(38,958 posts)
Sat May 25, 2019, 02:15 PM May 2019

Andrew Yang Policy on IMPROVE THE AMERICAN SCORECARD

Traditionally, the economy has been measured by looking at the GDP or the stock market. Employment rates and household income are also used to measure how the average worker is doing.

However, even the creator of the GDP admits that it doesn’t really reflect the full story. And, as economic inequality rises and the fruits of society’s labors accrue to fewer individuals, it’s become obvious that we need to expand our definition of economic prosperity past a single number. The bottom 80% of Americans only own 8% of stocks and rising GDP has virtually no relationship with each citizen’s wellbeing.

When you measure something, you implicitly set your policy goals. By focusing our measurement on GDP, we’ve promoted production over all else. It’s time to start measuring economic prosperity using a wider index that measures human as well as monetary indicators, such as (but not limited to):

Quality of life and health-adjusted life expectancy
Happiness/Well-Being and Mental Health
Underemployment
Income Inequality
Consumer and Student Debt
Work and civic engagement levels
Volunteerism
Infant mortality
Quality of infrastructure
Access to education
Marriage and divorce rates
Substance abuse and related deaths
National optimism
Personal dynamism/economic mobility

https://www.yang2020.com/policies/measuring-the-economy/

Latest Discussions»Retired Forums»Yang 2020»Andrew Yang Policy on IMP...