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Aug 2, 2022
10:19
:43
am
RH84025
All-American
Wages are technically up, but not at the pace of inflation, so less buying power
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RH84025
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RH84054
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RH84025
Joined
Oct 12, 2015
Last login
Jun 6, 2024
Total posts
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Messages
Author
Time
What does it mean to have GDP down while employment and wages are up? Plunging labor productivity!
roseyscenario
All-American
8/2/22 10:09am
It can also mean really low labor participation rates.
Ycrazy
8/2/22 10:10am
you mean if you pay people not to work, they won't try to get a job?
viper
8/2/22 10:20am
While that is historically low it is up slightly. Employment is up, productivity is down, way down.
roseyscenario
8/2/22 10:24am
Possible that due to tight labor market people are not afraid of losing their
Ycrazy
8/2/22 11:35am
All these WFH people need to stop slacking off so much.
JuicyJam
8/2/22 10:11am
RE: All these WFH people need to stop slacking off so much.
Pollster
8/2/22 10:20am
Wages are technically up, but not at the pace of inflation, so less buying power
RH84025
8/2/22 10:19am
This. GDP is inflation adjusted.
marcusaurelius
8/2/22 10:22am
RE: This. GDP is inflation adjusted.
roseyscenario
8/2/22 5:54pm
C + I + G + NX G, to the rescue!
runitup590
8/2/22 10:20am
Doom?
TNT
8/2/22 10:22am
Nah! We've passed through tougher times. Moreover, American innovation still wins.
roseyscenario
8/2/22 10:26am
I don't know that employment is up once you factor in the large drop in LFPR
Corn Pop
8/2/22 10:22am
Employment is a lagging indicator. Layoffs are coming.
Backcountry
8/2/22 10:31am
Inflation is part of the calculation isn’t it?
Charles Darwin
8/2/22 10:43am
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