96
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 16 May 2024
96 points (86.9% liked)
Canada
7203 readers
148 users here now
What's going on Canada?
Communities
🍁 Meta
🗺️ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
🏙️ Cities / Local Communities
- Calgary (AB)
- Edmonton (AB)
- Greater Sudbury (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Winnipeg (MB)
🏒 Sports
Hockey
- List of All Teams: Post on /c/hockey
- General Community: /c/Hockey
- Calgary Flames
- Edmonton Oilers
- Montréal Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL)
- List of All Teams:
unknown
Football (CFL)
- List of All Teams:
unknown
Baseball
- List of All Teams:
unknown - Toronto Blue Jays
Basketball
- List of All Teams:
unknown - Toronto Raptors
Soccer
- List of All Teams:
unknown - General Community: /c/CanadaSoccer
- Toronto FC
💻 Universities
💵 Finance / Shopping
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
🗣️ Politics
- Canada Politics
- General:
- By Province:
🍁 Social and Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
founded 3 years ago
MODERATORS
Beyond the issues of it being NaPo and the Fraser Institute being the main interviewee, using per person GDP as a measure of living standards seems.... Wildly out of touch. There are no comments on consumer pricing index (with all its flaws).
Literally they hinge their proof of "living standards" on average GDP.
I don't even know how to begin addressing that.
Per capita GDP is far better than what the government is using, which is total GDP that is technically slowly rising but not faster than our population growth rate.
CPI doesn't give near a good picture as per capita GDP does. CPI increases can be at or below target levels but if per capita GDP growth is negative it's still very bad. Having good per capita GDP data and bad CPI data and way, way less common, I'm even actually sure it's ever happened in modern times.
Interesting.
I wound up doing more of a dive into per capita GDP as a metric, and see more of the benefits of it, as well as why its used. I'm still not entirely sold on its benefits overall due to concerns over wealth inequality and "living standards" being averaged.
Thanks for pointing out CPI vs GDP/C differences!
In theory wealth inequality can be getting worse as GDP per capita gets better, for sure.
But conversely, if wealth inequality is getting better while the GDP per capita is going down, most people will still be worse off which definitely isn't good.
The broad association with GDP per person is fine as a aggregate measure and the data is from Statcan.
Their interpretation of the data is clearly bias. I think anyone bothering to even skim the actual report data would come to a different conclusion.
https://lemmy.world/pictrs/image/5be97d4a-0894-4fa8-b99c-7d1bdcaeb03b.png