Layoffs hurt GDP generally, but GDP doesn’t really care as long as “value” is created elsewhere. Like you said, none of the measurements they use care about the median income. It’s usually just generic measurements of “value” that don’t mean anything for the people of a nation.
Layoffs hurt GDP generally, but GDP doesn’t really care as long as “value” is created elsewhere. Like you said, none of the measurements they use care about the median income. It’s usually just generic measurements of “value” that don’t mean anything for the people of a nation.