Jobs, not GDP.(Correspondence)(Letter to the Editor)

ROBERT L. BOROSAGE IS exactly right in pointing out that the jobs issue is more important than the deficit issue at present ["The Wrong Target," December]. The matter can be put into a broader context that connects ordinary workers' standards of living with some measure of economic activity.

Gross domestic product is an interesting number, but, since the mid-1970s, it has not correlated with the wellbeing of most Americans; in fact, almost the entire increase in GDP in that period has gone to the upper quintile of the ...

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