Whose GDP? The Working Poor, the Economy, and the Perception Gap
Economic inequality has increased drastically across advanced industrial democracies and, with it, the range of economic experiences. These changes present a challenge for political economy which gauges the health of the economy with aggregate economic statistics like growth and jobs. Motivated by this challenge, we ask how new economic realities in advanced capitalism matters for how citizens evaluate the national economy. We argue that individuals seek out and apply information on those indicators of economic heath that affect their own lives while discounting those that do not.