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...
How is that possible?
Well, for example, if a country experiences a significant increase in GDP due to an increase in production of goods and services, that may not necessarily translate into an increase in the standard of living for its citizens. It could be that the profits are being disproportionately allocated to a small section of society, while the majority of citizens continue to struggle financially.