How we break the GDP chain without mass starvation and civil strife I haven't a clue
K
Maybe by using better measures that are less dependent on measuring output at the factory gate?
(I know GDP isn't that simplistic, but it is a measure from a manufacturing era - which isn't particularly relevant or helpful)
The World Economic Forum proposed 5 measures:
Good Jobs Wellbeing Environment Fairness Health
Without resorting to actual data :-) I'd sense the UK is on a downward trend on all of those measures, except Environment, where we're doing a remarkable job of cutting the footprint of our power generation; there's a lot we could be learning from other European & developed economies that could take us even further.
& I'd note that there were moments when the post Brexit rationale was to have Better Jobs, and it's possible we've started a journey towards a higher skill, higher wage economy. I do hope so - though personally I wish we cared more for the Wellbeing, Health of and Fairness to low wage, low skilled people who make our society function.
https://www.weforum.org/agenda/2016/04/five-measures-of-growth-that-are-better-than-gdp
