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Worker output fell 7.5% in the first quarter, the biggest decline since 1947
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05-05-2022, 08:42 AM
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#1
- JeepBruh
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- JeepBruh
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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.
- 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.
05-05-2022, 08:54 AM
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#2
05-05-2022, 08:58 AM
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#3
05-05-2022, 08:59 AM
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#4
- SamIAm1892
- Future Mars Astronaut
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- SamIAm1892
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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.
These businesses need to get on our level.
05-05-2022, 09:00 AM
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#5
- natypes
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- natypes
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05-05-2022, 09:08 AM
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#6
- FAPhaggot
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- FAPhaggot
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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.
FA Crew
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05-05-2022, 09:12 AM
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#7
- soaponarope1
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- 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
How fukin dumb are the people who run this place
05-05-2022, 09:52 AM
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#8
Originally Posted By FA*******⏩
And the chances of the Fed truly jacking rates like they did in the 70's looks like nada to me.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.
Originally Posted By soaponarope1⏩
That's rhetorical, right?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
How fukin dumb are the people who run this place

INTP Crew
Inattentive ADD Crew
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05-05-2022, 10:57 AM
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#9
Originally Posted By soaponarope1⏩
Not dumb, its all according to planWow. 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
How fukin dumb are the people who run this place
The great reset
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