Automation explains most of the change. Productivity Growth is more accurate, but too Economics-Speak to work in the real world. Krugman had a detailed and definitive post agreeing with you about a month ago. It’s worth reading. If what you say is true, and I’ve no doubt, what is the meaning of blowing up the supply chain via tariffs?
Automation explains most of the change. Productivity Growth is more accurate, but too Economics-Speak to work in the real world. Krugman had a detailed and definitive post agreeing with you about a month ago. It’s worth reading. If what you say is true, and I’ve no doubt, what is the meaning of blowing up the supply chain via tariffs?
Interesting, I’ll take a look for the Krugman post, thanks for the tip
What is the meaning of blowing up supply chains if it doesnt change anything does remain the big question!
It certainly looks like it, and maybe those famous Japanese management techniques added some too 😂