Biggest decline in US productivity in 74 years

How does an economy tank when millions of jobs are being created, when millions of unfilled positions are available?

a. welfare was large enough to just say no to working
b. unfilled can become non existent in the twinkling of an eye
c. when inflation on non-disposable household budgets devours all the disposable income
d. its common when consumer confidence tanks

Biden's precious jobs numbers will become an albatross very soon.
 
By letting the Left and Democrats run things... Like duh!

Thats exactly why the Biden economy has brought back all the jobs that trump lost, and we still have so many positions available to fill. How quickly you pretend to forget the economic disaster we had in Trumps final years. Is there any wonder why he lost by 7 million votes?
 
a. welfare was large enough to just say no to working
b. unfilled can become non existent in the twinkling of an eye
c. when inflation on non-disposable household budgets devours all the disposable income
d. its common when consumer confidence tanks

Biden's precious jobs numbers will become an albatross very soon.

Have you ever made a correct prediction? Lets go back to every time you promised that the Obama economy would collapse, only it turned out to be the trump economy that put millions of workers out of a job.
 
Will the markets go up on news of layoffs?

no.

if companies are contracting they are doing it because they cant afford those people because their business prospects are looking bad.

get inflation under control and make Washington stop pissing fiat money away like the dam broke and economic conditions can begin to improve.

but we have to finish crashing first. about halfway there by expert opinion. (of course that was BEFORE the Make Inflation Worse Act being bandied about right now.
 
Have you ever made a correct prediction? Lets go back to every time you promised that the Obama economy would collapse, only it turned out to be the trump economy that put millions of workers out of a job.

Powell kept BO alive by giving Wall Street a trillion a year they didnt need. and for that he tread water for 8 years. Trump got stuck with the pandemic Fauci's research got us. And the economy roared back as we got ahead of that.

The left, on the other hand, is never close to correct.
 
no.

if companies are contracting they are doing it because they cant afford those people because their business prospects are looking bad.

get inflation under control and make Washington stop pissing fiat money away like the dam broke and economic conditions can begin to improve.

but we have to finish crashing first. about halfway there by expert opinion. (of course that was BEFORE the Make Inflation Worse Act being bandied about right now.

Contracting is more expensive on a hours worked basis than hiring generally........They contract rather than hire because they want the flexibility of being able to get rid of headcount fast and cheap.
 
Powell kept BO alive by giving Wall Street a trillion a year they didnt need. and for that he tread water for 8 years. Trump got stuck with the pandemic Fauci's research got us. And the economy roared back as we got ahead of that.

The left, on the other hand, is never close to correct.

Lets be real, trump lied to us about the pandemic from day one, and you and your kind went out of your way to be sure Americans weren't vaccinated, or wore masks. However the infusion of bleach was acceptable to you
 
A good thought:

Another huge driver of variance in productivity numbers is employment churn. By now I’m sure we’ve all heard of the Great Resignation and have seen the work force start to reshuffle. With so many open jobs and new flexibility around remote work, a lot of people are moving and finding new opportunities. Remote work and smoothing pay across more geographies has a lot of positive externalities over time, but in the short term it’s difficult. New employees require training and training is difficult when you’re working remotely.
https://www.forbes.com/sites/greats...lining-american-productivity/?sh=6bcdc852361e

Not only this but when people decide to leave, or even that they likely will, they normally become less interested in working. They tend to slum it on the way out. We know that employee churn is high right now.
 
Contracting is more expensive on a hours worked basis than hiring generally........They contract rather than hire because they want the flexibility of being able to get rid of headcount fast and cheap.

I used that term to describe business activity shrinking as opposed to expanding
 
Lets be real, trump lied to us about the pandemic from day one, and you and your kind went out of your way to be sure Americans weren't vaccinated, or wore masks. However the infusion of bleach was acceptable to you

I'll admit DJT should NOT have been taking Fauci's advice but as we heard over and over Fauci was the nation's leading expert. We now know otherwise of course.
 
I'll admit DJT should NOT have been taking Fauci's advice but as we heard over and over Fauci was the nation's leading expert. We now know otherwise of course.

The CDC for instance had a sterling international reputation before the pandemic, now it is Dog Shit....same idea.
 
no.

if companies are contracting they are doing it because they cant afford those people because their business prospects are looking bad.

get inflation under control and make Washington stop pissing fiat money away like the dam broke and economic conditions can begin to improve.

but we have to finish crashing first. about halfway there by expert opinion. (of course that was BEFORE the Make Inflation Worse Act being bandied about right now.
The markets always go up on news of cuts. Jobs being outsourced results in higher profits. That's the disconnect from the real economy. Capitalism has gone bankrupt 3 times in the first 20 years of the 21st century. It's time to stop pretending we're in a recovery.
 
however the use of contracted providers makes it very easy to cut costs.
going to be really bad times for those companies for a few years or more.
thats why its always better to work for companies that keep everything in-house.

My daughter worked contracting at Microsoft before she became an employee....she told me that of every dollar microsoft paid the contracting company they kept about 25 cents for profits and running their bureaucracy. Thing is at the time it was about the only way to get into the company entry level, they were not willing to hire anyone without getting a good long look at them first, because it is so expensive to get rid of people. She looked at it as wage theft, but had no options.
 
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