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13 sats \ 4 replies \ @Undisciplined 8 May
You need to know the trend in hours worked to really say much from that.
Still, it’s cool that productivity is growing.
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43 sats \ 3 replies \ @SimpleStacker 23h
Given that it's from the CPS, I'm guessing this does factor in your hours worked.
What I'd like to know is how much of that productivity is real value creation and how much of it is make-work due to misallocated resources.
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30 sats \ 0 replies \ @Signal312 21h
Bingo. So much of the "work" I see seems like misallocated resources.
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0 sats \ 1 reply \ @Undisciplined 21h
It's an hourly wage rate, so what adjustment for hours worked do you think they're making?
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35 sats \ 0 replies \ @SimpleStacker 20h
oh nothing i think i just misinterpreted your initial comment
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11 sats \ 2 replies \ @kepford 8 May
What's interesting for the US is that I've heard our wages are higher than most other places as well...
Its one reason why I have no time for US co-workers that cry about inflation while I know we have co-workers from places suffering through double digit inflation.
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126 sats \ 1 reply \ @pillar 21h
I remember having tea with a Turkish man and having him tell me with a straight face: "I'm not having any children with this inflation and economy. I just won't."
That cuts deep.
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21 sats \ 0 replies \ @kepford 20h
Yeah... cuts deeper than my eggs are expensive, I'm gonna get chickens.
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0 sats \ 0 replies \ @nitter 8 May bot
https://xcancel.com/StatisticUrban/status/1920228470715515356
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