While that is historically low it is up slightly. Employment is up, productivity is down, way down.

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Aug 2, 2022
10:24:28am

roseyscenario All-American

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roseyscenario

Previous username: addedupon
Bio page: roseyscenario
Joined: Jul 15, 2011
Last login: May 19, 2024
Total posts: 23,156 (4,010 FO)

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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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