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moufestaphio | 3 years ago
The chart is showing "annual percentage change in labor output", not "gross productivity" which I think supports the OPs point.
If it went up 10% in 2020, and 6.3% in 2021 (or whatever the graph is showing), just because there is a -7.4% drop in 2022 doesn't mean its "far below any pre-pandemic baseline".
In fact it's probably ABOVE pre-pandemic levels, even with the drop. I can't be certain from graph.
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