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fintechjock | 3 years ago
Productivity almost always goes up in a recession, especially one accompanied with massive layoffs (like early COVID).
Productivity is going down right now compared to 2020 because we are pretty much at full employment.
These productivity measurements aren’t really tracking individual productivity at all.
svnt|3 years ago
So the measurement during periods of recession or expansion will always be artificially elevated or suppressed.
zepppotemkin|3 years ago