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ยป Worker output fell 7.5% in the first quarter, the biggest decline since 1947
  1. Results 1 to 9 of 9
post 1660768063 05-05-2022, 08:42 AM
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Worker output fell 7.5% in the first quarter, the biggest decline since 1947

https://www.cnbc.com/2022/05/05/labo...ince-1947.html

- Worker productivity fell 7.5% in the first quarter, the fastest decline since 1947.
- labor costs as measured against productivity soared 11.6%, bringing the increase over the past four quarters to 7.2%, the fastest rise in about 40 years.
- Weekly jobless claims increased to 200,000, well above the Wall Street estimate.
post 1660768833 05-05-2022, 08:54 AM
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This is what stagflation looks like.
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"Experience is something you get right after you need it."
post 1660769043 05-05-2022, 08:58 AM
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bIdEnS America .,...we having fun yet guise??
post 1660769093 05-05-2022, 08:59 AM
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We need to revolut!! All these greedy businesses do not want to pay a livable wage. How else am I supposed to afford my daily grubhub, my 7 series bmw, giorgio armani perfume and clubbing every night?

These businesses need to get on our level.
post 1660769183 05-05-2022, 09:00 AM
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WFH crew on watch
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post 1660769593 05-05-2022, 09:08 AM
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Massive productivity declines along with massive labor cost increases and huge cost of goods increases also means that we're wage-price spiraling. If inflation's a pitbull, that's the jaws locking. It's over.
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post 1660769753 05-05-2022, 09:12 AM
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#7
  1. soaponarope1
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Wow. It's almost like forcing thousands of businesses to close, providing everyone with free paychecks in the form of increased "unemployment" (I put that in quotes because it wasn't true unemployment, it was manufactured by government), and then handing out so much free money that you double the money supply has consequences.

How fukin dumb are the people who run this place
post 1660771923 05-05-2022, 09:52 AM
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#8
  1. katya422
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Originally Posted By FA*******
Massive productivity declines along with massive labor cost increases and huge cost of goods increases also means that we're wage-price spiraling. If inflation's a pitbull, that's the jaws locking. It's over.
And the chances of the Fed truly jacking rates like they did in the 70's looks like nada to me.
Originally Posted By soaponarope1
Wow. It's almost like forcing thousands of businesses to close, providing everyone with free paychecks in the form of increased "unemployment" (I put that in quotes because it wasn't true unemployment, it was manufactured by government), and then handing out so much free money that you double the money supply has consequences.

How fukin dumb are the people who run this place
That's rhetorical, right?

INTP Crew
Inattentive ADD Crew
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post 1660775233 05-05-2022, 10:57 AM
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#9
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Originally Posted By soaponarope1
Wow. It's almost like forcing thousands of businesses to close, providing everyone with free paychecks in the form of increased "unemployment" (I put that in quotes because it wasn't true unemployment, it was manufactured by government), and then handing out so much free money that you double the money supply has consequences.

How fukin dumb are the people who run this place
Not dumb, its all according to plan
The great reset
You will own nothing
Because I don't post enough to care to and I forget the next day
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