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42 sats \ 5 replies \ @Undisciplined 20 Jun \ on: SWIFT: Dollar remains king econ
US productivity spikes at the start of Covid. That's pretty fishy.
My hypothesis is that you're just seeing a compositional change in the labor force. Many higher earning people kept working through the lockdowns, while many working class jobs were shut down.
Some of this might be demographic, too. Millennials are entering their prime earning years and there are tons of them, with relatively few younger adults who generally don't earn much.
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I'm sure you're right. I just don't know where that's manifesting. Nobody over here seems to think the economy's booming.
It's a bit paradoxical.
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Even in the tech sector, there have been lots of layoffs pretty recently.
The people I know who work for big tech companies don't feel like these are boom times. They're really nervous about getting laid off and more stressed by the workload than ever.