494 karma · joined August 19, 2016
The example downplays the positive impact of the increase in GDP (eg the drunk driver creates jobs for car manufacturers, police officers, and doctors) but it shows how our narrow focus on GDP rewards behavior that may not be desirable.
https://en.m.wikipedia.org/wiki/German_orthography_reform_of...
However, I haven’t seen the same argument for other salaries. What makes a developer different from a musician, a lawyer, an architect? Or, for that matter, from a teacher, a waiter, and a bus driver? Shouldn’t the same argument that the work is the same apply?
Even reading this claim in the narrow context of the article it seems too broad. John Cassidy has written an insightful book “How markets fail“ that explains when markets do not generate optimal or desirable outcomes.
[Edit] There is something quite surreal to see a discussion about Germany’s positive image for people my age and above. I couldn’t have imagined this even ten years ago.
As I mention above this is often not a result of bad intentions, but of implicit biases that have an effect on our judgements even if we are fully aware of them and explicitly try to avoid them.