pull down to refresh

42 sats \ 5 replies \ @Undisciplined 20 Jun \ on: SWIFT: Dollar remains king econ
US productivity spikes at the start of Covid. That's pretty fishy.
My hypothesis is that you're just seeing a compositional change in the labor force. Many higher earning people kept working through the lockdowns, while many working class jobs were shut down.
Some of this might be demographic, too. Millennials are entering their prime earning years and there are tons of them, with relatively few younger adults who generally don't earn much.
write
preview
42 sats \ 4 replies \ @TomK OP 20 Jun
don't you think that the on shoring of industry and technical know-how associated with this could also have something to do with it? the flight of capital from europe is actually increasing
reply
42 sats \ 3 replies \ @Undisciplined 20 Jun
I'm sure you're right. I just don't know where that's manifesting. Nobody over here seems to think the economy's booming.
It's a bit paradoxical.
reply
42 sats \ 2 replies \ @TomK OP 20 Jun
yes, looking at the stock market and especially at stocks like Nvidia, you have to say that it's probably really an industry and tech story. the small and medium-sized companies are suffering badly
reply
76 sats \ 1 reply \ @Undisciplined 20 Jun
Even in the tech sector, there have been lots of layoffs pretty recently.
The people I know who work for big tech companies don't feel like these are boom times. They're really nervous about getting laid off and more stressed by the workload than ever.
reply
21 sats \ 0 replies \ @TomK OP 20 Jun
Sounds really disturbing if this is the 'booming' part
reply