Wow. Loads virtually instantly. No whitespace. No video auto-playing with intrusively loud audio. No annoying bright colors. No buttons moving around while the page loads. Seriously.
When Plan A is money printing then the situation is dire. If the money printing doesn't get you, then the fact that it is the best available plan might.
Considering the ongoing discussion on the US's minimum wage and how it falls below the poverty line, is this drop in productivity actually bad or undesirable?
CNN is a meme now, and the quality of this article is yet another prime example.
Productivity is orders of magnitude higher than 40 years ago, also does anyone ever stopped and asked "what's the real cost of this 'great' productivity we have 'enjoyed'?", specially coming from these woke-ass CNN do-gooders.
"Productivity" has an high side of things with great value that people pay a lot of money for AND a low side of what are the costs of producing and selling stuff. I'm sure plantations had great "productivity".
Maybe a HUGE part of the population having 2 or 3 jobs to just survive is a problem and anyone truly interested in real economy would actually fight to fix/mitigate these profound social problems in order to improve that "Productivity" number so when meme-news outlets publish this nonsense it can actually have some meat and bones behind it.
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[ 1.9 ms ] story [ 44.7 ms ] threadBloomberg pointed out the fact that one key factor was businesses increasing worker's wages to attract and retain workers.
https://www.bloomberg.com/news/articles/2021-11-04/u-s-produ...
Considering the ongoing discussion on the US's minimum wage and how it falls below the poverty line, is this drop in productivity actually bad or undesirable?
B) What they probably meant to say instead is that the US saw the largest monthly decline in productivity in 40 years. There is a very big difference.
C) Month-over-month productivity changes are just statistical noise, too short term to matter.
Wow, it looks like you might be right. I think CNN just completely got this wrong. Another source, emphasis mine:
> Productivity in the U.S fell by the most since 1981
From https://www.bloomberg.com/news/articles/2021-11-04/u-s-produ...
Productivity is orders of magnitude higher than 40 years ago, also does anyone ever stopped and asked "what's the real cost of this 'great' productivity we have 'enjoyed'?", specially coming from these woke-ass CNN do-gooders.
"Productivity" has an high side of things with great value that people pay a lot of money for AND a low side of what are the costs of producing and selling stuff. I'm sure plantations had great "productivity".
Maybe a HUGE part of the population having 2 or 3 jobs to just survive is a problem and anyone truly interested in real economy would actually fight to fix/mitigate these profound social problems in order to improve that "Productivity" number so when meme-news outlets publish this nonsense it can actually have some meat and bones behind it.