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US productivity dropped to its lowest level in 40 years
- retrac98 5y agoThis lite version of cnn.com is so much better.
- deleted 5y ago[deleted]
- mojo982 5y agoIt makes me want an extension that redirects to the lite version of every site if it exists.
- listless 5y agoThat’s the real story here
- csee 5y agoWow. 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.
- roenxi 5y agoWhen 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.
- nuerow 5y ago> 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-productivity-fell-by-most-since-1981-in-third-quarter 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?
- Threeve303 5y agoProductivity around the house increased 400%
- flurben 5y agoA) This headline is flat wrong. Productivity is not at its lowest level in 40 years. 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.
- lelandfe 5y ago> 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-productivity-fell-by-most-since-1981-in-third-quarter https://www.bloomberg.com/news/articles/2021-11-04/u-s-produ...
- jhoechtl 5y agoAs governance rose, productivity declined.
- 1cvmask 5y agoThe trophic cascade of supply chain disruptions. Bottlenecks will continue to bedevil output and hence the lower productivity per person.
- PedroBatista 5y agoCNN 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.