Companies are frantically hiring and yet output is dropping. Output per worker is lower than ever before!
What possible massive shift in the way people work could possibly explain this?!
It’s so obvious but people just don’t want to hear it.
What possible massive shift in the way people work could possibly explain this?!
It’s so obvious but people just don’t want to hear it.
Citation needed. In 2021 corporate profits increased more than any year in recorded history:
https://fortune.com/2022/03/31/us-companies-record-profits-2...
> When taxes are factored in, last year’s corporate profit increases were even more of an outlier. They soared 37% year over year, more than any other time since the Fed began tracking profits in 1948.
Companies that embrace this mysterious "massive shift in the way people work" will have a nice competitive advantage.
Not OP, not arguing for OP, but was curious myself and found the link below.
https://www.bloomberg.com/news/articles/2022-05-05/u-s-produ...
No need for the OP to grind their axe.
https://www.bls.gov/charts/productivity-and-costs/manufactur...
I don't see anything unusual there, there was a big spike in Q2 2020 obviously, and a matching dip in Q3 2020, which causes havoc with change in a short time, but the average seems about in the ballpark of the 2012-2020 range.
sounds like he's talking about remote