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Started By
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Worker output drops 7.5%... the biggest decline since 1947
Posted on 5/5/22 at 10:06 am
Posted on 5/5/22 at 10:06 am
quote:
Worker productivity fell to start 2022 at its fastest pace in nearly 75 years while labor costs soared as the U.S. struggled with surging Covid cases, the Bureau of Labor Statistics reported Thursday.
Nonfarm productivity, a measure of output against hours worked, declined 7.5% from January through March, the biggest fall since the third quarter of 1947.
At the same time, unit labor costs soared 11.6%, bringing the increase over the past four quarters to 7.2%, the biggest gain since the third quarter of 1982. The metric calculates how much employers pay workers in salary and benefits per unit of output.
LINK
Posted on 5/5/22 at 10:08 am to Jjdoc
How can one get output when the fricking inputs are stuck on a dock or train somewhere?
Posted on 5/5/22 at 10:15 am to Jjdoc
Work from home have anything to do with this? Serious question as I don't know what factors go into this calculation.
Posted on 5/5/22 at 10:37 am to Jjdoc
So basically you're paying employees to be lazy and ppl still don't want to work.
Posted on 5/5/22 at 10:42 am to Jjdoc
we ArE mOaR PrOduCtIvE WoRKiNg FrOM hOmE.
Strangely, those "asses in seats" boomers know what they are talking about it.
Strangely, those "asses in seats" boomers know what they are talking about it.
Posted on 5/5/22 at 11:04 am to Jjdoc
If they counted all the effort that protestors put into trashing stuff, productivity levels would reach record highs.
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