The US economy is performing amazingly well, but as Bloomberg's Matthew Winkler notes, the public overall doesn't realize that. Why?
He alludes to the key reason for the public's lack of understanding, but doesn't make clear what it is, so allow me to be clear that "media narrative" doesn't explain who's primarily at fault.
The culprit is Big Journalism, again utterly failing to do its job.
@chucker @dangillmor @vmstan the answer is sadly yes. If "the economy" does well, that tells us nothing about how the individual members of the society fares.
In fact, the economy could do even better if they just outright ignored people who don't contribute as much to the economy. In fact, I'm sure the economy was doing really well in the society portrayed in William Gibson's Virtual Light.
There are other measurements that take these things into account, but for some reason they're not as popular.
Dan Gillmor
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Elias Mårtenson