Elizabeth Barrette (ysabetwordsmith) wrote,
Elizabeth Barrette
ysabetwordsmith
  • Mood: busy

The Three-Decade Recession

If you thought that times have been hard for a while, you're not imagining it. This article explains why -- despite rising GDP -- the standard of living and quality of life for America at large has stagnated or dropped during most of the last 30 years. The proposed solution is to do what some other nations have done, and make general well-being the goal, rather than rising GDP.
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  • 8 comments
ayoub

ayoub

March 11 2008, 08:27:26 UTC 13 years ago

The corporate world would never buy into it...
ysabetwordsmith

ysabetwordsmith

March 11 2008, 16:01:45 UTC 13 years ago

Certainly they wouldn't like it. Despite their influence, though, corporations aren't literally the leadership of America. If the people go for this idea, they can pressure the elected officials into supporting it, who can then pass laws requiring that businesses at least pretend to support it. That would help.
ayoub

ayoub

March 11 2008, 21:58:15 UTC 13 years ago

Wile that's true, most senior politicians don't get the funds to run their campaigns without chasing the corporates...
ysabetwordsmith

ysabetwordsmith

March 11 2008, 22:29:28 UTC 13 years ago

Corporate financing can give politicians a big edge. It can't make them invulnerable (though they never seem to learn that) and it can seriously bite them in the ass if their sponsors turn out to be abruptly unpopular.
ayoub

ayoub

March 11 2008, 22:46:16 UTC 13 years ago

A few more bites in the arse is what politicians need!
christinaathena

christinaathena

March 11 2008, 15:34:19 UTC 13 years ago

Interesting article. GDP is a useful measurement for some purposes, but it does have some serious problems.
wyrmwwd

wyrmwwd

March 11 2008, 20:03:05 UTC 13 years ago

Right there with ya!

I am old enough to tell you, my standard of living has been steadily dropping since the 80s.
ysabetwordsmith

ysabetwordsmith

March 11 2008, 21:07:53 UTC 13 years ago

Yes, mine too. Key problems for our household include the tendency that people who need my services can't afford them -- even at prices radically below what my experience is ostensibly worth -- and that my partner has a hard time getting and keeping jobs, despite his extensive experience and skills, due to corporate-level restructuring.