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This graph shows the productivity change over time: https://data.bls.gov/timeseries/PRS85006092 https://data.bls.gov/timeseries/PRS85006092. The -2.7% in the a
by geysersam 3y ago
This graph shows the productivity change over time: https://data.bls.gov/timeseries/PRS85006092 https://data.bls.gov/timeseries/PRS85006092.
The -2.7% in the article is indistinguishable from noise.
Drawing any conclusions from such data is incompetent at best.
- paulpauper 3y agoI agree. It would seem as if a lot of journalism is about looking for correlations between data and trying to draw spurious conclusions from it as click bait or filler. Nicholas Cage and shark attacks for example. Find A and then maybe it is plausible it was caused by B and then say they are related. Maybe we don't know. Coincidence? Probably. Lots of other things could have explained the productivity dip. Equally, though, many of America’s most productive people rely on Adderall to get the job done. It often seems like half of Silicon Valley, the most innovative place on Earth, is on the stuff. And surprising things can cause gdp to rise and fall, including holidays, strikes and the weather. What’s more, the economic history is clear: without things that give people a buzz, the world would still be in the economic dark ages. Maybe we cannot conclude this. I think some of the backlash is due to kids being prescribed Adderall.
- geysersam 3y agoRealized now I read the piece a too sloppily and read "probably. Lots" as "probably not". So not as bad as I thought. > without things that give people a buzz, the world would still be in the economic dark ages. I doubt the economic history is clear on this point.
- deleted 3y ago[deleted]