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Companies are frantically hiring and yet output is dropping. Output per worker is lower than ever before! What possible massive shift in the way people work co

Companies are frantically hiring and yet output is dropping. Output per worker is lower than ever before! What possible massive shift in the way people work could possibly explain this?! It’s so obvious but people just don’t want to hear it.

freemint 4y ago
What is your answer? Mine would be energy costs. Methods which employ more manual labor and less energy are preferred.
- iso1631 4y ago
  Energy costs and supply costs for items from the far east
  - freemint 4y ago
    While i agree i didn't ask you . I was interested in his answer because of the conspiratorial tone in the parent
    - smegsicle 4y ago
      > massive shift in the way people work sounds like he's talking about remote
    - iso1631 4y ago
      If you don't want peoples opinions don't post on a public website where people can opine
game-of-throws 4y ago
> Output per worker is lower than ever before! Citation needed. In 2021 corporate profits increased more than any year in recorded history: https://fortune.com/2022/03/31/us-companies-record-profits-2021-price-hikes-inflation/ https://fortune.com/2022/03/31/us-companies-record-profits-2... > When taxes are factored in, last year’s corporate profit increases were even more of an outlier. They soared 37% year over year, more than any other time since the Fed began tracking profits in 1948. Companies that embrace this mysterious "massive shift in the way people work" will have a nice competitive advantage.
- jjulius 4y ago
  >Citation needed. Not OP, not arguing for OP, but was curious myself and found the link below. https://www.bloomberg.com/news/articles/2022-05-05/u-s-productivity-drops-on-weaker-output-while-labor-costs-jump https://www.bloomberg.com/news/articles/2022-05-05/u-s-produ...
  - taylodl 4y ago
    Increasing labor costs plus increasing energy costs has led to lowered productivity (productivity is the value of output vs. the cost of input). No need for the OP to grind their axe.
    - iso1631 4y ago
      This is the labor costs https://www.bls.gov/charts/productivity-and-costs/manufacturing-labor-costs-percent-change.htm https://www.bls.gov/charts/productivity-and-costs/manufactur... I don't see anything unusual there, there was a big spike in Q2 2020 obviously, and a matching dip in Q3 2020, which causes havoc with change in a short time, but the average seems about in the ballpark of the 2012-2020 range.

freemint 4y ago

What is your answer? Mine would be energy costs. Methods which employ more manual labor and less energy are preferred.

iso1631 4y ago
Energy costs and supply costs for items from the far east
- freemint 4y ago
  While i agree i didn't ask you . I was interested in his answer because of the conspiratorial tone in the parent
  - smegsicle 4y ago
    > massive shift in the way people work sounds like he's talking about remote
  - iso1631 4y ago
    If you don't want peoples opinions don't post on a public website where people can opine

game-of-throws 4y ago

> Output per worker is lower than ever before! Citation needed. In 2021 corporate profits increased more than any year in recorded history: https://fortune.com/2022/03/31/us-companies-record-profits-2021-price-hikes-inflation/ https://fortune.com/2022/03/31/us-companies-record-profits-2... > When taxes are factored in, last year’s corporate profit increases were even more of an outlier. They soared 37% year over year, more than any other time since the Fed began tracking profits in 1948. Companies that embrace this mysterious "massive shift in the way people work" will have a nice competitive advantage.

jjulius 4y ago
>Citation needed. Not OP, not arguing for OP, but was curious myself and found the link below. https://www.bloomberg.com/news/articles/2022-05-05/u-s-productivity-drops-on-weaker-output-while-labor-costs-jump https://www.bloomberg.com/news/articles/2022-05-05/u-s-produ...
- taylodl 4y ago
  Increasing labor costs plus increasing energy costs has led to lowered productivity (productivity is the value of output vs. the cost of input). No need for the OP to grind their axe.
  - iso1631 4y ago
    This is the labor costs https://www.bls.gov/charts/productivity-and-costs/manufacturing-labor-costs-percent-change.htm https://www.bls.gov/charts/productivity-and-costs/manufactur... I don't see anything unusual there, there was a big spike in Q2 2020 obviously, and a matching dip in Q3 2020, which causes havoc with change in a short time, but the average seems about in the ballpark of the 2012-2020 range.