[colonCapitalDee]

People keep coming up with alternate measures and then finding that they correlate pretty well with GDP

[CGMthrowaway]

And why shouldn't they? I would expect the components of GDP to correlate with living standards even if GDP does not measure it as accurately as possible.

The best-known alternative I am familiar with is HDI, here is a scatterplot vs GDP: https://ourworldindata.org/grapher/human-development-index-v...