Charting Progress Towards a Better Life in Newfoundland and Labrador:
Introduction:
Over the last decade, Newfoundland and Labrador has seen tremendous economic growth. Provincial Gross Domestic Product (GDP) has increased significantly, while household income has reached its' highest level in our provincial's history. Traditionally, economics indicators like these have been used to symbolize progress within our society. However, it is also important to consider whether we should be looking at something different. How does these indicators reflect the well-being of our residents? What about the social progress of our society? Is there something else we should consider?
The Better Life Index works to provide an answer to many of these questions. This index measures the well-being of our society and helps paint a picture of what are the values and priorities for Newfoundland and Labradorians. Rather than just income or GDP, this index aims to measure how other things, such as job satisfaction or work-life balance, affect one's well-being. More than just numbers, this index will encourage provincial residents to consider how well they are doing, while providing governments and the private sector the tools needed to ensure responsible decision making.