Overall, the productivity numbers in US have been pretty robustly growing - but there is a multi-decade tendency for this to be achieved by raising the prod/emp

Overall, the productivity numbers in US have been pretty robustly growing - but there is a multi-decade tendency for this to be achieved by raising the prod/employee. In other words, it's achieved either by reducing headcount to do the same thing, or increasing the output per person. The "low hanging fruit" was all done decades ago, jobs where you cant really automate your way out and need cheap labor. It's inevitably climbing into more and more technical employees, and as you not the relative strength in the dollar makes this pretty compelling.