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> In February, the Bank of England reported an ongoing productivity slump so mysterious that its own economists “cannot account fully” for it. And then goes on
by ludston 2y ago
> In February, the Bank of England reported an ongoing productivity slump so mysterious that its own economists “cannot account fully” for it.
And then goes on to immediately point out what I would expect to be the most obvious cause.
> Real wages have barely grown for 16 years.
Why would the general populous care to be more productive when they aren't going to see the profits?