GDP is a flawed measure that doesn’t measure happiness, well-being, or progress

Everyday economists and traders speculate about what national economies are doing in terms of making progress or regressing. One of the primary ways of measuring the “strength” of an economy is by using Gross Domestic Product. Gross Domestic Product is defined by Wikipedia as: Gross domestic product (GDP) is a monetary measure of the market value of all … Read more

Elderly Americans are entering the workforce rapidly

Intuitively one would associate retirement with a sign of a prosperous economy. Conversely not being able to retire or entering the workforce during the golden years would be a sign of a failed or stagnant economy. I came across some employment participation statistics today that somewhat surprised me. Since 2000, one of the largest employment … Read more