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The ability of workers to capture their own productivity gains is a lower than it's been in a century. This crisis will push the second derivative lower.
by covidacct 6y ago
The ability of workers to capture their own productivity gains is a lower than it's been in a century. This crisis will push the second derivative lower.
- cinquemb 6y agoBut we don't like talking about M2V[0] anymore because it didn't jibe with the daily propaganda for years that all is well [0] https://fred.stlouisfed.org/series/M2V https://fred.stlouisfed.org/series/M2V
- jibe 6y agoPeople, especially the press, don't talk about M2V because they don't understand it. No one does outside finance or econ classrooms, and most of them don't either. BTW, jibe, not jive.
- deleted 6y ago[deleted]
- jibe 6y agoMaybe productivity gains are vastly overstated? Or more specifically, productivity numbers are distorted by a few industries that have had extreme productivity gains, while most have stagnated.
- imtringued 6y agoYou are offering an explanation for a situation in which everything is fine. Unfortunately we already know that this is not the case.