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Comment by fintechjock

Maybe an even simpler explanation is that productively is roughly calculated as GDP / employed workers.

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.

parent fintechjock 4 years ago

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