Yes, you understand precisely. 99.5% don't but rail at the moon, economists or lefties. Its hidden behind an aggregate figure or 'they' ignore what don't like. I get that it is esoteric and dull and people think 'what difference does it really make?' but these measurements underpin our economic reality and responses, many of which are automatic beyond politics. The makeup of the measurements are both unrelentingly biased to the 'capital'/investment/executive classes. Over time, increments create systemic inequality.
The question then is whether it is an accident or something other?
Accidental? In Australia, maybe as I think these are globally agreed upon. Perhaps, the people who make the rules are also beneficiaries who intuitively bias themselves and lack the desire nor care about its socioeconomic implications. Unlikely.
It is overwhelmingly likely that these are manufactured outcomes at a global level. The implications of these measurements are very well understood within the Government-Financial complex, OECD, World Bank, IMF. It ensures they keep the ball down their end of the field and we see economies degrading, on QE life support, yet asset inflation to at least maintain their wealth equivalency as currency valuations fall. While our bank accounts and real wages decline in currency terms.
