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How can we measure the economy in a way that assesses the well-being of everyday Americans?

A smiling man wearing headphones sits at a table in a radio talk studio: he is bald and wearing a blue suit jacket and blue button-down shirt
George Yeadon
Eric Morris

How is the economy doing? That question opens a recent essay in the Wall Street Journal.

Despite polls showing Americans of all political parties are dissatisfied with the economy, the data proves otherwise. As the Journal reports, “Despite fears of a recession, the economy has looked strong: Though [April 25’s] surprisingly weak GDP rise spooked investors, overall GDP has increased in 13 of the last 15 quarters, the Dow Jones Industrial Average has reached record highs, the unemployment rate is a paltry 3.8% and inflation has slackened.”

The essay’s authors argue it’s time to include new ways of measuring the economy – methods that assess the well-being of everyday Americans.

We discuss it all with our guest:

Evan Dawson is the host of "Connections with Evan Dawson." He joined WXXI in January 2014 after working at 13WHAM-TV, where he served as morning news anchor. He was hired as a reporter for 13WHAM-TV in 2003 before being promoted to anchor in 2007.
Megan Mack is the executive producer of "Connections with Evan Dawson" and live/televised engagement programming.