4 ms·
Did you even bother to click on the article before typing your opinion of what happened? Their chart shows we are far below any sort of pre-pandemic baseline.
by postalrat 4y ago
Did you even bother to click on the article before typing your opinion of what happened?
Their chart shows we are far below any sort of pre-pandemic baseline.
- cashsterling 4y agoit reads "annual percentage change in labor output"... which I take to mean "rate of change of per capita productivity" over time, not actual measured productivity. So that graph does not say we've dropped below pre-pandemic levels.... according to this report (https://www.bls.gov/news.release/prod2.nr0.htm https://www.bls.gov/news.release/prod2.nr0.htm): "Output and hours worked in the nonfarm business sector are now 3.1 percent and 1.5 percent above their fourth-quarter 2019 levels, respectively."
- zeroonetwothree 4y agoThe chart only shows change, not the actual value. If you look at a chart of the values you'll see that it's true we've just returned to ~2019 values: https://tradingeconomics.com/united-states/productivity https://tradingeconomics.com/united-states/productivity
- moufestaphio 4y agoNot OP, but your reply comes off as pretty rude, especially as I think its pretty off base. The chart is showing "annual percentage change in labor output", not "gross productivity" which I think supports the OPs point. If it went up 10% in 2020, and 6.3% in 2021 (or whatever the graph is showing), just because there is a -7.4% drop in 2022 doesn't mean its "far below any pre-pandemic baseline". In fact it's probably ABOVE pre-pandemic levels, even with the drop. I can't be certain from graph.