Liberal Forum

https://www.nytimes.com/2024/02/14/busi ... onomy.html
Can America Turn a Productivity Boomlet Into a Boom? After drooping in 2022, the output of U.S. businesses per worker has surged. Economists wonder if the trend can continue, and who will benefit most.



Economists typically measure productivity as a simple ratio: the total amount of output an economy produces per hour worked by its labor force. On that score, productivity increased 2.7 percent in 2023, according to the Bureau of Labor Statistics, and over the last two quarters has been growing at more than double the rate from 2005 to 2019...

 Economists tend to sigh with relief whenever they see a gain in productivity, because it offers a potential win-win for workers, customers and business owners: If businesses can make as much money or more in fewer work hours, then — according to standard economic logic — they can make more per hour, reinvest in operations and pay workers a bit more without sacrificing profitability (or leaning on price increases to push profits higher).

 As Joseph Brusuelas and Tuan Nguyen, economists at the consulting firm RSM, put it in a note in late January: “The increase in American productivity over the past year, if sustained, is a potential game changer for the economy that represents that mythical rising tide that lifts the living standards of all.”



You can't stop it, not even hope to contain it.

The Joementum Express....relentlessly chugging to Prosperity.

R. Suave » 14 Feb 2024, 8:59 am » wrote: ↑

14 Feb 2024, 8:59 am

https://www.nytimes.com/2024/02/14/busi ... onomy.html
Can America Turn a Productivity Boomlet Into a Boom? After drooping in 2022, the output of U.S. businesses per worker has surged. Economists wonder if the trend can continue, and who will benefit most.



Economists typically measure productivity as a simple ratio: the total amount of output an economy produces per hour worked by its labor force. On that score, productivity increased 2.7 percent in 2023, according to the Bureau of Labor Statistics, and over the last two quarters has been growing at more than double the rate from 2005 to 2019...

 Economists tend to sigh with relief whenever they see a gain in productivity, because it offers a potential win-win for workers, customers and business owners: If businesses can make as much money or more in fewer work hours, then — according to standard economic logic — they can make more per hour, reinvest in operations and pay workers a bit more without sacrificing profitability (or leaning on price increases to push profits higher).

 As Joseph Brusuelas and Tuan Nguyen, economists at the consulting firm RSM, put it in a note in late January: “The increase in American productivity over the past year, if sustained, is a potential game changer for the economy that represents that mythical rising tide that lifts the living standards of all.”



You can't stop it, not even hope to contain it.
.

The Joementum Express....relentlessly chugging to Prosperity.

Notice the vernacular about social evolution and not a syllable about ancestral evolving. workers, not ancestors, people instead of generation gaps. Deniers of self evident life serve societal evolution not represents equally evolving as displaced.

Instinctive life lesson #354th generation gap since dawn of civilization.

R.Suave » 14 Feb 2024, 8:59 am » wrote: ↑

14 Feb 2024, 8:59 am

https://www.nytimes.com/2024/02/14/busi ... onomy.html
Can America Turn a Productivity Boomlet Into a Boom? After drooping in 2022, the output of U.S. businesses per worker has surged. Economists wonder if the trend can continue, and who will benefit most.

Economists typically measure productivity as a simple ratio: the total amount of output an economy produces per hour worked by its labor force. On that score, productivity increased 2.7 percent in 2023, according to the Bureau of Labor Statistics, and over the last two quarters has been growing at more than double the rate from 2005 to 2019...

 Economists tend to sigh with relief whenever they see a gain in productivity, because it offers a potential win-win for workers, customers and business owners: If businesses can make as much money or more in fewer work hours, then — according to standard economic logic — they can make more per hour, reinvest in operations and pay workers a bit more without sacrificing profitability (or leaning on price increases to push profits higher).

 As Joseph Brusuelas and Tuan Nguyen, economists at the consulting firm RSM, put it in a note in late January: “The increase in American productivity over the past year, if sustained, is a potential game changer for the economy that represents that mythical rising tide that lifts the living standards of all.”

You can't stop it, not even hope to contain it.

The Joementum Express....relentlessly chugging to Prosperity.

No thoughts, etc...Copy/paste.