The conversation between human and AI assistant.
How GDP might be a misleading measure of standard of living? how it might increase GDP but we would not, as a society...
That makes sense. Are there any other factors that might influence the link between GDP and standard of living?
Yes, definitely. For one, the environmental impact of increased production can have negative effects on citizens' health and quality of life. Additionally, factors such as income inequality and access to essential services like healthcare and education can have a significant impact on overall well-being, regardless of GDP.