Boomer Humor Doomergod

There’s also the fact that a lot of those dollars moving are against people’s will or for stupid, inefficient reasons.

If we each paid each other a thousand bucks an hour not to hit each other then that grows GDP without doing anything useful.

GDP measures the value of all goods and services produced in a country. A legal scam can hide as a service and get counted.

This is why cars are good for GDP but mass transit isn’t, because a lot more cost goes into a car than a bus on a per rider basis.

The same goes for health insurance. Simply paying a doctor for services is far less GDP than paying an insurance company who then pays the doctor after taking a cut.

Once you realize what GDP measures a lot of what countries do makes sense.

Scams improve GDP

Fun fact: Sales guys look at what skills companies are hiring for to know what tools they use in the job.