Police, prisons, prosecutors, parole officers, TSA, ICE, etc. are all part of our GDP. A lot of those jobs have replaced factory jobs, yet what do they produce? Is that really a contribution to the economy, or does our GDP number contain a lot of economic drag masquerading as "output" and "productivity." And then there is the size of our military. All that is supposedly a contribution to GDP and a positive element of productivity.
Are there alternative economic output measure that count that stuff as deadweight?
Are there alternative economic output measure that count that stuff as deadweight?