The Ongoing Plunge In American Worker Productivity Explained
by Tyler Durden
ZeroHedge.com
03/03/2016
Just under two years ago, when Bank of America’s economic team still produced meaningful commentary instead of blaming the growth slowdown on the snow (especially after it said not to blame the growth slowdown on the snow), it pointed out that the real reason the US recovery was aging (this was in the summer of 2013) was the tumble in worked productivity. This is what BofA said then: “what we show below is that, outside of the tech boom in the late 1990s, productivity tends to slow as business expansions mature. Our current ‘expansion’ is now thoroughly mature.”
The Rest…HERE
