Worker Productivity's Steepest Drop in 74 Years: What That Means for the Economy | WSJ
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- Опубліковано 19 вер 2022
- In the first quarter of 2022, U.S. worker productivity fell in the steepest drop in 74 years. WSJ’s Jon Hilsenrath explains why productivity is central to the economy, and why big drops can be difficult to recover from.
Illustration: Reshad Malekzai
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#QuietQuitting #Productivity #WSJ
The WSJ did not care when wages didn't increase in line with productivity but now that productivity has fallen it's become a problem
Workers were more productive because of capital improvement. Not because workers were any better.
@@Tential1 I agree part of the productivity was due to technology but saying workers had no impact is wrong. If workers had nothing to do with the productivity increase then quiet quitting would not result in such a large fall in productivity
@@Tential1 how do the leather boots taste?
@@RD-gm8lz
Workers only partly did. Really only the engineers and the technicians that automated basically everything, resulting in many people rubber-stamping random documents for there is no work to do
"From that time Jesus began to preach, and to say, Repent: for the kingdom of heaven is at hand." Matthew 4:17
"Ye have heard that it hath been said, An eye for an eye, and a tooth for a tooth: But I say unto you, That ye resist not evil: but whosoever shall smite thee on thy right cheek, turn to him the other also." Matthew 5:38-39
"Shew me a penny. Whose image and superscription hath it? They answered and said, Caesar's. And he said unto them, Render therefore unto Caesar the things which be Caesar's, and unto God the things which be God's." Luke 20:24-25
"And when thou prayest, thou shalt not be as the hypocrites are: for they love to pray standing in the synagogues and in the corners of the streets, that they may be seen of men. Verily I say unto you, They have their reward. But thou, when thou prayest, enter into thy closet, and when thou hast shut thy door, pray to thy Father which is in secret; and thy Father which seeth in secret shall reward thee openly." Matthew 6:5-6
"But when thou makest a feast, call the poor, the maimed, the lame, the blind: And thou shalt be blessed; for they cannot recompense thee: for thou shalt be recompensed at the resurrection of the just." Luke 14:13-14□
Wages didn't rise to match productivity, and no one bats an eye.
Productivity lowers to match wages, and everyone loses their minds.
"Everyone" being mostly those who are higher up, shall we say
A bunch of stuffed suit execs who got their job via nepotism.
Yeah because the rich and powerful are suffering, lol.
In college (graduated 2016) it was taught I was entering a workforce in America that had an overeducation problem. While company managers get flack bc they seem to not care about workers, at least supply and demand in America allows for workers to strategically not care about work that does not provide career advancement opportunities.
That productivity v wage gap myth is a blatant propaganda. They don’t even use the same inflation calculator for productivity and wage (and that’s the first mistake!).
Since 1980, CEO compensation increased 1300% average employee got only 18%
Exactly
Want the fastest solution to fix this? Pay your employees well.
From observation, that is not true.
@@fakenamer9488 you get what you pay. This is basic captialism. If it were easy to do a particular job there would be many people available to do it, you can just replace the ones who are "quiet quitting". Of course, it doesn't work like that because once you fire them it will be hard to find a replacement who does sufficient work for same pay. Give someone adequate work for a decent pay and they will hold on to that job with their dear life.
@@dragonsaige I was just telling you what I have experienced in my life. My experience comes more from inter-industry (different industries). But there is a lot more to consider in that discussion which I do not want to have in this forum. Getting what you pay for....maybe. But this type of culture where you put in the work on what you think it is worth is flawed because you can ask 99% of people if they make what they are worth and they will tell you they should make more. I don't think they should even broadcast garbage like this because it probably gets people doing this even more. I could be wrong that it will have that effect. If it does though, it is interesting if they did that knowingly. As far as people that are actually "quiet quitting" in terms of that is what they call it, what kind of life is that? It can't be very fulfilling. I would recommend they make a change in their life to an occupation/company they feel content with.
@@fakenamer9488 about the last part you wrote, well that’s the problem.. they lack creative thinking and passion to do something from get go (clueless) and stuck with job they hate. Expecting most entry level job to be their savior, while they also got complex variable of not being frugal. then of course they’ll never thrive in big city
@@fakenamer9488 Quiet quitting _is_ that change to find something more fulfilling, whether it's seeking a new career or using that time they would have spent hustling in their current job on a hobby or other activity. The "quitting" part refers to the climbing of the ladder in the current company.
'Quiet quitting' is a neoliberal framing, I prefer 'acting your wage'.
Based
Nice
🙌
Plus it has nothing to do with productivity. Productivity has to do with your output per hour worked, not with how many extra hours you work.
I love how they talk about prosperity as if the richest individuals heap their profits on to the rest of us instead of hoarding it. 🙄
You have a fundamental misunderstanding of wealth creation that is detrimental to your personal life.
Socialism is the future, it is time to eat the rich!
@@d_all_in sadly, I have to agree with you.
Somehow the workers fault ? But decades of wages not keeping up with productivity was not even acknowledged.
When the fruits of that productivity is only felt by the 1%, it doesn’t encourage the working class to put in more.
A more interesting metric would be “(median salary x number of workers) / total labor hours”.
National output doesn’t matter much when almost all of the gains in wealth the last 50 years has gone to the top 1-2%.
I hear there’s a job in Venezuela that needs you and your whining….wait, it’s called whinging.
Jeremy Frank - Exactly. Workers are finally waking up to the truth...and it disgusts them.
The 1% marketed the term average like the 70s pushed people to buy pet rocks and Chia pets. Mission accomplished. The average layman‘s doesn’t understand the difference between median and average so that when they broadcasts what the average compensation is, we buy it up like a bowl of Cheerios… We are getting screwed because we don’t understand math medical Termanology. Median is the only metric we should be looking at. It’s easy to say everyone’s making $1 million if Bill Gates suddenly moves into a trailer park in Alabama
They are trying to get as much work out of us for as lil money as possible and we the workers know we won’t get paid more for working hard
@@AnglersUAE No, it's actually how things are. If it weren't that way, you wouldn't see todays results.
Well wages have been stagnant for decades so this has been a long time coming
excuse me? how productive are executives? they sit in meetings all day and make developer’s lives harder
Alternate title: “corporations criminally underpay employees while caught price gouging during the greatest inflationary moment in the last fifty years”
1:02...alot of data gets revised later on 🤣😂
Shareholders may disagree with that statement.
When will consumers - that vote with their paychecks -- organize and 'vote' with their dollars for things they actually believe in vs. what is 'easy' or 'convenient'?
ie, if you don't want your job to be 'offshored', then don't buy products from offshore. If you believe in fair pay, only buy from organizations that pay fairly.
Sure its work and not as convenient ... but if you REALLY believe in the cause, it will be the only thing that will change things.
@@tonys2957 who are the shareholders? stock buybacks make up majority of the liquidity in the markets....corporations are eating their own shyt
when you can print money and stocks out of thin air underline by debt with real world productivity. what do you call that? scam
"From that time Jesus began to preach, and to say, Repent: for the kingdom of heaven is at hand." Matthew 4:17
"Ye have heard that it hath been said, An eye for an eye, and a tooth for a tooth: But I say unto you, That ye resist not evil: but whosoever shall smite thee on thy right cheek, turn to him the other also." Matthew 5:38-39
"Shew me a penny. Whose image and superscription hath it? They answered and said, Caesar's. And he said unto them, Render therefore unto Caesar the things which be Caesar's, and unto God the things which be God's." Luke 20:24-25
"And when thou prayest, thou shalt not be as the hypocrites are: for they love to pray standing in the synagogues and in the corners of the streets, that they may be seen of men. Verily I say unto you, They have their reward. But thou, when thou prayest, enter into thy closet, and when thou hast shut thy door, pray to thy Father which is in secret; and thy Father which seeth in secret shall reward thee openly." Matthew 6:5-6
"But when thou makest a feast, call the poor, the maimed, the lame, the blind: And thou shalt be blessed; for they cannot recompense thee: for thou shalt be recompensed at the resurrection of the just." Luke 14:13-14□
"High productivity means businesses can pay workers more".
lol
No, it means they can hire more people. Someone slept at school.
Emphasis on "can," notice they didn't say "do," pay workers more, cuz they don't.
Productivity means a person doing three jobs instead of one.
For decades worker pay increased at roughly the same rate as productivity increased. 40ish year ago that all changed. Wages flatlined (or worse) for most workers while corporations, executives and investors sucked up all the benefits. Why should workers continue to bust their rear ends if they will not share in the rewards.
Since about 1970s, US wages have increased faster than US worker productivity.
Profits from higher productivity of workers has not been shared by companies to workers for nearly 40 years. Stocks went up, upper management got fat, but it was not pass in the smallest bit to the workers.
You get what you pay for.
I love how "the economy" is often talked about in a way that's synonymous to an individual's well being. Such a myopic way of looking at human well being. We're not the economy.
the very lifestyle, comfort, and safety/security you enjoy is because of the economy. Try living in Africa if you think economy isn't synonymous with your well being
@@cosmokramer7708 I don't mean that there isn't overlap, there certainly is.
I think you are phrasing it the wrong way. But I get what you mean… I think. ….We are the economy and make it up and the economy is us so your statement is technically false. But i think what you mean is, what is more important, the collective whole or the individual? Depending on how you view humanity and situations. Those who value the individual will say you cannot sacrifice the individual for the greater good but those who value the collective will say so what if a single human is worked to death? Their output justifies our end which is the collective whole of the economy. Because at the end of the day, the economy only exists because of us individuals and us supporting it with our output, we are two sides of the same coin. But the way this video discusses it is that the economy is more important than an individual worker being able to survive and feed themselves……I think that’s what you are getting at?
@@cosmokramer7708
It is actually becoming nice in parts of Africa thanks to decades of Chinese investment. Turns out, when you bankroll infrastructure projects, wealth starts to generate itself. I'm speaking of places such as Rwanda.
"From that time Jesus began to preach, and to say, Repent: for the kingdom of heaven is at hand." Matthew 4:17
"Ye have heard that it hath been said, An eye for an eye, and a tooth for a tooth: But I say unto you, That ye resist not evil: but whosoever shall smite thee on thy right cheek, turn to him the other also." Matthew 5:38-39
"Shew me a penny. Whose image and superscription hath it? They answered and said, Caesar's. And he said unto them, Render therefore unto Caesar the things which be Caesar's, and unto God the things which be God's." Luke 20:24-25
"And when thou prayest, thou shalt not be as the hypocrites are: for they love to pray standing in the synagogues and in the corners of the streets, that they may be seen of men. Verily I say unto you, They have their reward. But thou, when thou prayest, enter into thy closet, and when thou hast shut thy door, pray to thy Father which is in secret; and thy Father which seeth in secret shall reward thee openly." Matthew 6:5-6
"But when thou makest a feast, call the poor, the maimed, the lame, the blind: And thou shalt be blessed; for they cannot recompense thee: for thou shalt be recompensed at the resurrection of the just." Luke 14:13-14□
There are lots of factors why this is happening, people now choose to build their own businesses rather than slave their daily life to poor compensating employers. Also, the decision to not deal with a toxic workplace every day is a way better option these days.
not even talking about the high cost of childcare, rising rents/cost of living, generally fed up with corporate America workforce
Doesn’t productivity include the output of private companies too? If you are building your own, your output should be included in the national output, unless your business is a scam.
And they are not as productive
@@okunrin3 A large amount of businesses don't make it long term, effectively what could be occurring is people got a break bc of the pandemic, said "screw this, this is my one shot to see if I can make a business rather than be an employee" and took that chance.
In operant conditioning and classical conditioning, when bad things happen to people (or most animals) for no apparent reason, they become fearful of taking any action, and become disempowered. This is unfortunately a major cause of productivity decline - the fact that people no longer see clear correlation between their actions and outcomes.
U.S inflation hit 7% in December, fastest pace since 1982 . Consumer prices in Germany rose by 3.1% in 2021 . France shows a 12 -months inflation rate of 3.4% the highest since September 2008.
American workers are experiencing unprecedented declines in their real incomes, which is why record numbers have been forced to work multiple jobs to make ends meet. When we talk about 9.1% inflation, the media acknowledged the true rate of inflation of about 18%?
It's going to break to the downside because of the macro economic conditions. It will not recover until the US inflation rate starts to come down. Right now, crypto derivatives trades are the only thing in my portfolio that is doing well and making me serious money.
the severity of the condition of our economic circumstances is beyond many peoples comprehension and many continue to deny its existence. People are working and there is little or nothing to show for it. everybody is basically working to sort out one bill or the other. no savings.
My little advice, we need to prepare for the future we need to look into safer investment with good prospect . If you have the mindset of investing 5 years ahead and just keep DCA every time you get paid. My portfolio have accrued gains of about $130k under the guidance of my investment -Advisor Stephanie Priscilla Bonillo" whose skills in portfolio diversification are unmatched and client-centered
@@marianparker7502 I just looked up Stephanie Priscilla Bonillo online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and how to go about the economy. I know basically, in order to survive the inflation i need guidance. I appreciate.
Then pay a proper wage or stop inflation. It’s not that hard. Whatever I quit.
Here's the problem with this analysis. For decades, almost all of the productivity gains have gone to the top 1%. So people have finally thrown up their hands in disgust. The drop in productivity has actually forced corporations to compete for better labor, and led to record low unemployment and higher salaries.
Maybe the productivity we were used to was not normal before pandemic. I’m assuming the hours in the calculation are reported not real hours. People were overworked but after pandemic people’s priority has shifted away from overworking. Which I don’t know about companies but is good thing for society in general.
@@RachelLinonis Agreed.
So they are complaining about reduced productivity because workers are burnt out due to the fact that companies expect them to work 60 hours a week, but only want to pay them for 40 hours a week. Interesting...
I see it in employees eyes and customer service is declining. They look defeated 😕 and just show up because they have to .
Man they sure do complain a lot about productivity levels finally meet the wage levels, don't worry CEO salaries are still going up so the economy is working as designed
During the pandemic people learned how disposable they are even if they have been with the company for 10 or 20 years. If you learned tomorrow that your company really didn't give a rip about you would you still put in the same effort?
I am sure many of us saw that productivity vs wage increase. So this is a great thing.
"Quiet quiting" has nothing to do with productivity. Productivity has to do with your output per hour worked, not with how many extra hours you work.
None of the segment even mentioned quiet quitting, so why the dramatic opening shifting the blame onto workers who are doing their jobs?
We've realized that work only gets us more work without compensation. My grandfather had far better benefits and made more money in the 80's and 90's than my generation does.
it's all because the workers - who are normal people as well - are expected to do too many things, not just working for your employer..they had to take care of young ones during pandemic..they have to tackle the increased political polarization..they have to worry about the climate change ..they have to worry about inflation and recession..this is too much to ask for one single individual..as a normal person the first thing they'd sacrifice is putting more than required efforts in the work that doesn't motivate them much
That was all been the case but your economic policy support worthless job like IG influencer
How exactly have you "tackled the increased political polarization"?
I think someone else in a different comment section said it best. "This isn't quiet-quitting, I like to call it acting your wage."
Idk, maybe people are getting wise to the fact that increasing their output never results in more income for them, only more income for the company and an "ata boy" from their boss. If companies want their employees to work harder, start paying them appropriately and stop giving millions in pay raises to top executives. The solution seems pretty simple to me. I agree with a lot of the points made by others. Where was the shock/anger over the last 30 years as productivity has skyrocketed and wages have stayed stagnant?
So doing your job without beyond is now a "bad thing"...? Who made up this bs?
But how will you know that you worked too little. It will be best we'll lock people in the factory just like in india. This way you'll never be too late at work.
@@robertagren9360 That's china, India got no locking people in factories.
CAL minimum wage should be 25$ to match inflation. It’s really no surprise people are fed up
Love how WSJ pretends there's been a correlation between productivity and wage increases over the last 50 years. Adding insult to injury, the Fed needs raises that haven't kept up with inflation and ballooning living expenses to slow down. Maybe the working class is getting tired of living our lives smaller and smaller and smaller to give people who have everything even more. Maybe we're starting to think that we should give as good as we get.
I have to ask..
How does this matter for workers again?
Data suggests that higher productivity does not correlate to higher wages.
I just fail to see why workers/employees should be motivated to be more productive. It isn't like we get a cut.
"pRospEriTy oF thE WhoLe CounTry, ProSpeRiTy fOr U anD mE dEpenDs oN ProDucTivItYyyy"
oh really WSJ bro? 😂
Maybe if people were paid wages that met up with the cost of living increases, this wouldn't be a problem. this suit telling us its up to us to ensure his prosperity should maybe get a real productive job.
Congrats, you win the Dumbest Reply Award!
Agreed!
Workers are not really profiting from the high productivity anymore. So they do not care...
What is there to obtain. Most have lost all they owned in search for wealth. 9/10 companies fail. That's Why the list of good companies can be counted on a single hand.
Isn’t that the eternal dance of the employer and employee? Work just enough to not be fired and be paid just enough to not quit?
Quiet Quitting is actually working to provide the labor being paid for and NOT providing free extra productivity anymore.
You want to maximize productivity? Maximize labor’s producer surplus.
Because here, at the pinnacle of civilization, our lives are not worth the trouble we go through to participate in it. None of the basic needs like shelter and healthcare are affordable. These, and education should be free and encouraged. Work isn't worth it. We have no reason to care about anything, doing so doesn't improve our quality of life. Worker productivity doesn't benefit the worker.
In the graph at 5:32, it's stated that productivity in Q1 fell 7% and then another 4.6% in Q2. The uptick in the graph is confusing, although I believe this is to convey a stagnant measurement at that time period and a bar graph would have been a better choice of graphic. It also appears that by this measurement the average from 2020 to Q2 2022 appears positive.
Well, compensate us properly. Avg CEO earns 351 time the avg worker….what do you expect?
For the economy or for individual well being. I see the productivity standards and expectations going up but i don't see my paycheck matching those expectations
I worked as an ATC at a very busy Midwest airport. I would say I quiet quit around 2017. Just became sick of the culture and the 40 hour week requirements. Eventually I was fired last year, but I made it 4.5 years coasting. I have a lawsuit against my former employer for unlawful termination.
If you have a lawsuit going on, you might not want to be posting stuff on social media about your job...just saying.
a Midwest contract tower?
I'm FAA and I'm leaving a level 8 to go to a level 5 for quality of life reasons
This feels like propaganda against quiet quitting. Quiet quitting is doing what is required by your job and no more. This gives people better work life balance. This is a much better way of working than the hustle culture that was pushed by everyone prior to the pandemic
When I WFH I can focus on MY JOB. I'm not in an office where I'm asked to do other things on the management's whim or when they run out of people in the dock for receiving and I'm asked to help out and take one for the team. The company no longer gets to take advantage of my physical presence to supplement their inept scheduling. Yeah I guess your warehouse productivity went down since you can't pull office staff to help with warehouse dock work....
How about treat your workers like how you treat money
...They treat money really bad, that's why productivity is demanded.
@@robertagren9360 nah all they want is money so productivity is always low
Reading this cool book rn bout how much value workers add to a product VS how much of the reward they get back for it.
written by a lad called Karl, bit of a nutter but has some neat points.
Quiet Quitting has been there in India since the 70s. It’s known as Work to Rule
I didn’t know that, I knew this couldn’t be the only time this happened
So, what you are saying is, "companies should take care to be spot on with wages, time and PTO and not give employees one more penny than they are entitled to but the employees should give freely of their time in free labor to the company?"
Federal minimum wage hasn't changed since 2009. Workers are not seeing any benefits from increased productivity.
Productivity needs to match wages. We all need to stop doing all this extra stuff for nothing.
Now they make the worker villains.
Good job America.
I mean raising the minimum wage and paying workers a decent wage sounds nice
Quit wining about it, WSJ be acting like trickle down theory works 😂
Productivity is influenced by capital expenditure on things d like machinery and technology and training. This is a management issue not an employee issue. Managerial underinvestment in front line capabilities. My workplace training is a tick box exercise to meet legal requirements. However one person not doing something up the line affects those down line and it’s those down line that get blamed for delays when it’s a training issue up line.
4:13 "high productivity meant...(employers) pay workers more...while keeping prices largely unchanged" That is total BS when we know data shows wages have been stagnant for nearly 4 decades and prices remained unchanged thanks to liberal econ policies of globalizing and outsourcing manufacturing to China and India. Merit of this segment is nil.
Good. Keep the productivity down until the wages increase. We’ve had 50 years where productivity well outpaced wages. Time to fix that.
It’s also possible that employees are refusing to work unpaid hours. Productivity might be the same, but more hours are being recorded.
screw high productivity if that means workers don't get to enjoy their lives and spend time with their families. what good is economy to a person if all they do is work-sleep-eat? if they don't have enough time for anything besides that? if they spend their time off in front of a tv because they're so exhausted from work that they don't feel like doing anything else?
"Oh yeah...Peter, I need you to come in Saturday...and yeah ummm...Sunday too...yea."
THE GREAT RESIGNATION is more empowering to workers, than 'be quiet and get back to work' slogans.
What happened to automation taking all the jobs. The story keeps changing.
That horse is past dead by now. The advantages of automation is crystal clear to bean counters
Someone recently said, "I'm going to work my wage."
did he really say at 5:43 that "productivity is ultimately the source of wage growth for workers"?
Only when it is directly correlated with the work of people. Automation whether through assembly line robots or through AI hardly counts despite the fact they do the work that once belonged to entire departments
When corporate profits continue to proceed exponentially. While workers salaries stay stagnant. Expect the rest of Us to express our reality: Quietly Quitting/Productivity.
Been quiet quitting since the 90s and it's finally cool
The fact that they are still measuring productivity also by the amount of hours people are working displays the amount of BS of this statistics.
The main graph shown in this report over illustrates the decrease. It shows the change in productivity not the productivity itself. This graph shows an extrem fluctuation in the productivity measurement over the last 2 years. Surprise! But when we sum up those years we get an increase in productivity.
So, productivity has value, it’s in demand, but the supply is growing scarce? The market is speaking. It’s saying, “Pay more”.
Nicely explained.
Wait, is the woman who used to be the voice for Cheddar videos is now narrating videos for the Wall Street Journal?! Congrats, girl!
We all need a work life balance
How is automation factored in to the GDP calculation? Are robots considered in worker productivity?
Robots increase output. A 1000 worker factory produced 10 items per worker per day before the robot. With the robot the factory produces 100 items per worker per day. That's an increase in productivity. So yes the robots work is factored in.
lol quiet quitting is simply a healthy way of relating to your work and has been around for decades. in fact this is the normal way the vast majority of people throughout history have seen their jobs as.
I like how they cherry picked the first quarter of 2022 as an example. wonder why they didnt mention 2021?
Productivity depends on incentive, companies need to create better incentive structures to entice workers to improve productivity
It's due to unproductive leads/bosses
Indeed!
whats not good for the economy is not paying workers a fair wage
I do not think "quite quitting" is the new driving factor. The shock seems to much to coincide with Covid and the energy crisis after February 22nd 2022.
I think it are the indirect (chaos/inefficiencies etc.) and direct consequences created by the circumstances.
Exactly they came in strong mentioning quiet quitting repeatedly at the start, but then the whole story had nothing to do with it.
Quiet quitting has nothing to do with productivity. Productivity has to do with your output per hour worked, not with how many extra hours we work.
It's not decline in productivity. Since wages do not match inflation, people have deflated their output instead.
Seems all workers know well how productivity drives the ceo's income
The ones who don't want a raise.
The guy that does 1 thing in an hour and the guy that does 10 things in an hour make the same amount
5:30 let's just ignore the whole supply side too because it's convenient for your narrative
Its not only the engagement of employees that should be discussed. Its also the amount of unproductive jobs or "ball shirt jobs" as they are called on the street. The difficulty is to decern which jobs (not which employees) are unproductive.
I think that that was the main ingredient of SpaceXs success. Musk found a sector with an incredibly high percentage of unproductive jobs and he built an organization that is much more efficient.
Compared to its competitors, Boeing and Lockheed, SpaceX is way behind the curve in terms of profitability and nearly all of its revenue comes from investors. What metrics are you using to determine "success" and "efficiency"?
@@sasshole8121 The cost of payload to (low earth) orbit.
Shame on Wall Street Journal for blaming regular employees. We're working harder, longer hours, for low paying meaningless jobs where managers stress you out at work. That's not how you get productivity. That's how you get inactivity. Businesses need to hire enough employees to run a business. We don't want to do work for two people. Employees need to be treated with utmost respect and have a salary that can support their family. Corporations don't have a clue on how to actually manage their employees, and it is these incompetent managers and corporations that have created this problem in the first place, not the other way around.
That's the opposite of what these statistics are showing, but go off, sis!
0:20 Not quite. Wages have been stagnant since 1972. So we can go back to that level of productivity.
If you want more, then pay workers their share of that productivity
History repeating itself
1970 stagflation all over again
Did the top 1% of 1% see vast wealth growth last financial year?
Shocking! Turns out that returning to the office isn’t only terrible for our environment but hampers progress towards productivity as well.
The Fed, lol. Why don't they ever explain who gets all the money when they raise interest rates?
You know what is inevitable? Machines.
How many people, during the pandemic, were labeled "non-essential?"
You all are looking in the wrong place for productivity statistics. The boomer generation is set to hit peak retirement in 2022 and 2023. That's why productivity is going down. Quiet quitting is anecdotal.
WSJ becoming another toxic productivity guru XD
productivity is about technology level and it's effects on the optimization of labor
and capitalism says workers shouldnt get the gains of this increase on their work output