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by Retric
1329 days ago
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First do you really think people will get more injured to game GDP? Anyway the metric is capacity to fulfill peoples wants. If the population has injuries then it will be less productive and therefore have a lower GDP. See the broken window fallacy. |
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I think politicians will be incentivized to adopt systems that underfund preventative care in favour of more expensive emergency care, and this has already happened.
> Anyway the metric is capacity to fulfill peoples wants. If the population has injuries then it will be less productive and therefore have a lower GDP.
Only to the extent that those injuries affect economic productivity. Someone at the bottom will "earn" more in one medical bankruptcy than in an entire lifetime of minimum-wage work.