Traditionally, the equation was fairly basic: Wealth is good, more wealth is better. But as the human impact of the pandemic hits home, politicians around the world face growing calls to prioritize people over productivity. The majority (61%) also want to prioritize social and environmental benefits, like higher life expectancy orlower carbon emissions, over GDP once the pandemic is over. Falling GDP usually means layoffs and pay freezes, while rising GDP creates scope for pay raises and brings more taxes in to fund public services. GDP also doesn’t count the economic value of unpaid work like raising children, or measure social goods like rising life expectancy.

Source: Huffington Post May 15, 2020 16:18 UTC