4 ms·

I think the issue is that you measure productivity as in quantitative physical output instead of in value as driven by supply and demand. Absolute value increas

I think the issue is that you measure productivity as in quantitative physical output instead of in value as driven by supply and demand. Absolute value increases due to inflation even though the supply/demand ratio is the same.

JumpCrisscross 6y ago
> Absolute value increases due to inflation For a meaningless definition of absolute, where it coïncides with “nominal,” yes.