— Bill Bonner
That is done based on the value they put on things. How much value do they put on leisure time? How much value do they put on living close to family? How much do they care about garden-fresh vegetables?
Imagine a man who decides that what matters to him is tending his own small farm, using his time as he pleases, keeping his family at home, and feeding them from his own garden and home-raised animals.
He will lower GDP (his non-monetary output will never be measured). He may be counted as “unemployed,” for he has no job. He will spend little money, depressing consumer demand.
But he may be the most satisfied, content man on the planet.“