3 ms·
One factor that I think might be different this time than from the 1980's is productivity increases from WFH. There are a number of studies showing that WFH has
by zw123456 4y ago
One factor that I think might be different this time than from the 1980's is productivity increases from WFH. There are a number of studies showing that WFH has resulted in an increase in overall productivity. And has also helped curtail the demand for gas, although that is picking up. It remains to be seen if the Fed can wrangle the so called "soft landing", but productivity increase could potentially make that a bit more likely.
- randomsearch 4y agoThat can’t possibly be true, right? GDP plummeted and employment is high, so productivity can’t have increased…
- zw123456 4y agohttps://www.apollotechnical.com/working-from-home-productivity-statistics/ https://www.apollotechnical.com/working-from-home-productivi... there are other studies if you just search on productivity and WFH
- mym1990 4y agohttps://fred.stlouisfed.org/series/OPHNFB https://fred.stlouisfed.org/series/OPHNFB Although we've had gains from Q4 2019 to Q4 2021, I am not sure they are significantly higher than baseline in other periods. I would be skeptical of a productivity increase due to WFH simply because of the supply crunch that in many ways hindered the ability of people to output at maximum levels. Maybe if we are talking some specific sectors.
- zw123456 4y agoExample https://www.apollotechnical.com/working-from-home-productivity-statistics/ https://www.apollotechnical.com/working-from-home-productivi... True, it depends on sectors but that is always the case with productivity, it never improves across the board, any automation or other changes will positively affect some sectors and negatively others. It's the macro net effect I think that could change things. I just think there has been some real fundamental changes due to the lock down that may have a lasting impact and make it difficult to use past patterns to make predictions.