3 ms·
> The linked article is a bunch of yelling about a perceived drop in what amounts to the second derivative of per capita GDP. The Bureau of Labor Statistics is
by rsj_hn 5y ago
> The linked article is a bunch of yelling about a perceived drop in what amounts to the second derivative of per capita GDP.
The Bureau of Labor Statistics is not in the habit of doing a bunch of yelling. This is a scholarly report, and is commenting on a widely reported phenomena, namely the productivity slowdown. If you don't like this analysis, there are many others that draw similar conclusions. The reason why this analysis is interesting is that it breaks down the productivity decline into component factors and identifies which factors have slowed down (MFP).