Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
kleinbl00 · 3045 days ago · link · · parent · post: Mexico cuts poverty at a stroke – by changing the way it measures earnings
Potkettle Potkettle A dirty secret of economics is these measures are changed all the time. Pretty much every economic indicator you've ever seen gets revised within a week or two, and the way these things are measured changes regularly. This is why we have "unemployment"at 5.5% and "real unemployment" at 9.8%.