Hacker News.
- The integrity of U.S. statistical data is under threat from shrinking agency budgets, low response rates to government surveys, and political interference.
- The change may cause policymakers to misjudge the economy’s health, investors to lose confidence in the reliability of the data, and the public to disengage from participating in official measures altogether.
- Private-sector data can be used to complement official statistics but can’t serve as a full substitute.