Dude! I've spent the past 2 weeks fighting with all my management about the OKRs and metrics of my team for exactly the reasons you outlined. Management even included some metrics I gave them in individual career assessments - which I think was a massive mistake because I think it'll draw focus away from things I think are actually important but hard to measure. I've been wanting to write a post about metrics and my experience with them.
It is funny that so many people say that 'the economy' is usually the top thing they vote for in big elections... and I've never really understood it. I think what happens is that everyone sees higher prices as the government's fault, but they see an increase in their own wages as their own achievement based on merit - so even when wages rise with inflation, people are still unhappy (which is why I think we've seen so many incumbent governments get ousted in the world recently).
This is frustrating. My supervisor was of the mind "if it can't be measured, it doesn't count" - a massive lack of insight into how things actually work in real life.
I don't know if you read or listen to books, but there is an interesting one on behavioural design (one of my interest areas) that is funny as well.
https://www.amazon.com/Afraid-Debbie-Marketing-Has-Left/dp/1786278952
For sure. Most of us don't really have a good grasp on even the basics of economics, or the impacts of inflation, but we feel comfortable voting on these things because we heard or read a headline.