In the age of AI and automation, economists need to find a new way to measure economic growth other than GDP.
If, for example, healthcare will be 10x cheaper, it's a good think. But it will reflect negatively on the GDP.
Any idea how to measure quality of life and prosperity not measured in GDP?
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In the age of AI and automation, economists need to find a new way to measure economic growth other than GDP.
If, for example, healthcare will be 10x cheaper, it's a good think. But it will reflect negatively on the GDP.
Any idea how to measure quality of life and prosperity not measured in GDP?