3 ms·

Unlikely with unemployment this low

• phendrenad2 3y ago
  Unemployment statistics take into account all jobs. This productivity increase (really only 5.2% in a quarter) only takes into account business workers. Also unemployment is basically worthless if you have a high-paying job, it's literally better to go work for Walmart than collect unemployment while looking for another white-collar job at the moment. And unemmployment numbers only take into account people collecting unemployment. So no, I don't think the unemployment numbers relevant.
  • Ericson2314 3y ago
    I am saying: why in a very strong labor market would the threat of being laid off be compelling greater productivity improvements than before?
    • phendrenad2 3y ago
      Because the strong labor market is not equally distributed.
      • Ericson2314 3y ago
        OK, thanks. While I am still a bit skeptical this is definitely a more plausible claim now. Class warfare making high productivity white collar work harder, haha.