Measure What Matters: Realigning Economic Success Metrics with Societal Well-Being

Explore a thought-provoking conference talk that delves into the disconnect between traditional economic measures and societal well-being in the United States. Examine why, despite positive indicators like low unemployment and GDP growth, many Americans still face economic precarity. Investigate the limitations of current economic metrics and discuss potential new measures that could better reflect the realities of income inequality, stagnating wages, and limited opportunities for advancement. Learn about innovative concepts such as the Job Quality Index and inflation inequality, and their implications for understanding the true state of the economy. Gain insights into how improved economic measures could help address economic divides and foster shared prosperity across different demographics, including considerations of race and gender inequality.