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by epolanski 905 days ago
GDP being a weak and misleading metric has been known to be a factor from many decades.

It's just an easy and lazy measurement most can (or think they) understand.

1 comments

Apart from money not being everything, it's also much "averages vs medians" (vs distributions) again.

People love using averages because they're a single number, and easy to calculate.

Medians are more difficult to calc, and distributions and percentiles are something most people are never taught, and it's no longer a single number which is easy to (artificially) compare.

Huh? Mean ("average"), median and mode are each a single number that provides a distinct measurement of central tendency.