After accelerating in the late 1990s, productivity growth has slowed markedly in the past decade. The slump is a bit of a mystery given the rapid pace of technological progress, which should generally allow companies to produce more per hour of work.Incentives do matter, and guess who's stealing all the productivity gains? It's not the owners, it's inflation (just 2% a year can eat all productivity gains), which means the central bank (which means the government and their cronies).
Is it possible that after seeing generation of productivity gains creamed off by owners, American workers have finally figured out thereβs nothing in it for them, so why do it?
In order to enter Gaza, you pass through the Erez terminal with your government press office credential, which means youβre one of very few people who can get in or get out. And you wander down a long corridor, which is a cage, and then you arrive at a metal door at a concrete wall. The metal door opens, it shuts behind you, and youβre inside what is effectively a walled-off ghetto.
You look down this endless wall, to your right, and you see a remote-controlled machine gun perched on the wall. Thatβs the spot and strike system, which is operated by an all-female unit of Israeli soldiers in the Negev Desert, tens of kilometers away, by remote. And what they do is, they watch the buffer zone?β?this 300-kilometer area that Palestinians are forbidden from entering inside the Gaza Strip. And anyone who enters who they determine to be a βterrorist,β they eliminate with the push of a joystick button from a remote-controlled machine gun. Itβs just that dystopian.