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'We're riding a century-old measurement off a cliff': Andrew Yang tears into GDP as an outdated metric for calculating economic growth

7 days ago   |   By Business Insider

AP Photo/Nati Harnik
Democratic presidential candidate Andrew Yang says the main way of measuring economic growth - known as gross domestic product - is outdated and leaves out quality-of-life shifts, such as depression and suicide rates.
"If these are your measurements, then of course you're going to think things are going in one direction, while your way of life disintegrates," Yang said.
GDP's critics say that the measurement is no longer an accurate gauge of economic growth and its capable of skewing government priorities.
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