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Not OP, but your reply comes off as pretty rude, especially as I think its pretty off base. The chart is showing "annual percentage change in labor output", no
by moufestaphio 4y ago
Not OP, but your reply comes off as pretty rude, especially as I think its pretty off base.
The chart is showing "annual percentage change in labor output", not "gross productivity" which I think supports the OPs point.
If it went up 10% in 2020, and 6.3% in 2021 (or whatever the graph is showing), just because there is a -7.4% drop in 2022 doesn't mean its "far below any pre-pandemic baseline".
In fact it's probably ABOVE pre-pandemic levels, even with the drop. I can't be certain from graph.