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The article itself mentions the impact on the economy. It also mentions productivity steadily increasing since 1948. So... productivity has been going up for
by ninefathom 4y ago
The article itself mentions the impact on the economy. It also mentions productivity steadily increasing since 1948.
So... productivity has been going up for decades, with purchasing power of average wages steadily declining over the same period.
Maybe I'm just missing something, but this sounds to me like maybe the issue with the economy isn't the hypothetical, average American worker. Maybe the economic issue is actually some outliers in these data sets. Some outliers that contribute little to the productivity metric but disproportionately impact the various economic metrics.
Hrm. Wonder what group of people that might be...
- landemva 4y agoAs far as "productivity metric" and GDP, the military industrial complex in USA has wasted tons of debt money the past couple decades. Half the defense budget, and all of the 2008 bankster bailout, and the 2020 cruise line bailout, should have instead been given to every American. Congress spends like this because the voters elect those people to best represent the banksters, cruise line CEOs, and bomb makers. Since voting doesn't change anything (except maybe local elections) why work so hard?