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US Productivity grows by 2% a year which suggests in aggregate, most people are playing a zero sum game.
by zawazzi 8y ago
US Productivity grows by 2% a year which suggests in aggregate, most people are playing a zero sum game.
- dasil003 8y agoThat just suggests disposable income is a zero sum game. Within GDP you can have massive disparities in value generated.
- sjjshvuiajhz 8y agoI think productivity is better conceived as the first derivative of value wrt. time. So productivity growth is the second derivative. It’s good news if that number is positive at all.