US productivity dropped to its lowest level in 40 years(lite.cnn.com)
lite.cnn.com
US productivity dropped to its lowest level in 40 years
https://lite.cnn.com/en/article/h_c57e998c703dc041dcad2f0612130cbc
13 comments
> This headline is flat wrong. Productivity is not at its lowest level in 40 years.
Wow, it looks like you might be right. I think CNN just completely got this wrong. Another source, emphasis mine:
> Productivity in the U.S fell by the most since 1981
From https://www.bloomberg.com/news/articles/2021-11-04/u-s-produ...
Wow, it looks like you might be right. I think CNN just completely got this wrong. Another source, emphasis mine:
> Productivity in the U.S fell by the most since 1981
From https://www.bloomberg.com/news/articles/2021-11-04/u-s-produ...
CNN is a meme now, and the quality of this article is yet another prime example.
Productivity is orders of magnitude higher than 40 years ago, also does anyone ever stopped and asked "what's the real cost of this 'great' productivity we have 'enjoyed'?", specially coming from these woke-ass CNN do-gooders.
"Productivity" has an high side of things with great value that people pay a lot of money for AND a low side of what are the costs of producing and selling stuff. I'm sure plantations had great "productivity".
Maybe a HUGE part of the population having 2 or 3 jobs to just survive is a problem and anyone truly interested in real economy would actually fight to fix/mitigate these profound social problems in order to improve that "Productivity" number so when meme-news outlets publish this nonsense it can actually have some meat and bones behind it.
Productivity is orders of magnitude higher than 40 years ago, also does anyone ever stopped and asked "what's the real cost of this 'great' productivity we have 'enjoyed'?", specially coming from these woke-ass CNN do-gooders.
"Productivity" has an high side of things with great value that people pay a lot of money for AND a low side of what are the costs of producing and selling stuff. I'm sure plantations had great "productivity".
Maybe a HUGE part of the population having 2 or 3 jobs to just survive is a problem and anyone truly interested in real economy would actually fight to fix/mitigate these profound social problems in order to improve that "Productivity" number so when meme-news outlets publish this nonsense it can actually have some meat and bones behind it.
This lite version of cnn.com is so much better.
That’s the real story here
Wow. Loads virtually instantly. No whitespace. No video auto-playing with intrusively loud audio. No annoying bright colors. No buttons moving around while the page loads. Seriously.
It makes me want an extension that redirects to the lite version of every site if it exists.
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When Plan A is money printing then the situation is dire. If the money printing doesn't get you, then the fact that it is the best available plan might.
> When Plan A is money printing then the situation is dire.
Bloomberg pointed out the fact that one key factor was businesses increasing worker's wages to attract and retain workers.
https://www.bloomberg.com/news/articles/2021-11-04/u-s-produ...
Considering the ongoing discussion on the US's minimum wage and how it falls below the poverty line, is this drop in productivity actually bad or undesirable?
Bloomberg pointed out the fact that one key factor was businesses increasing worker's wages to attract and retain workers.
https://www.bloomberg.com/news/articles/2021-11-04/u-s-produ...
Considering the ongoing discussion on the US's minimum wage and how it falls below the poverty line, is this drop in productivity actually bad or undesirable?
As governance rose, productivity declined.
The trophic cascade of supply chain disruptions. Bottlenecks will continue to bedevil output and hence the lower productivity per person.
Productivity around the house increased 400%
B) What they probably meant to say instead is that the US saw the largest monthly decline in productivity in 40 years. There is a very big difference.
C) Month-over-month productivity changes are just statistical noise, too short term to matter.