Living On One Dollar

Over 70% of our GDP is consumer spending, and it doesn’t account for human value or quality of life in the slightest. For example, let’s say a husband gets a promotion at work which allows the wife to stay at home with their children. That would be interpreted as a negative thing by GDP metrics! They are no longer spending money on childcare, and so on and so forth. Along the same lines, having your kids do chores around the house instead of hiring outside help decreases GDP.