teodesian.net http://teodesian.net//posts/522ab165-13f3-11ec-bdd7-d17a73234a28?format=xml teodesian.net : /posts/522ab165-13f3-11ec-bdd7-d17a73234a28 en 2026-05-03T18:25:36 2026-05-03T18:25:36 teodesian.net /favicon.ico http://teodesian.net 32 32 teodesian.net favicon The Jeb working longer flap http://teodesian.net/posts/522ab165-13f3-11ec-bdd7-d17a73234a28 Naked Capitalism has a good perspective on the article.
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.

Is it possible that after seeing generation of productivity gains creamed off by owners, American workers have finally figured out there’s nothing in it for them, so why do it?
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).]]> nobody http://teodesian.net/posts/522ab165-13f3-11ec-bdd7-d17a73234a28 2015-07-11T09:42:41 The Jeb working longer flap http://teodesian.net/posts/1436607761 Naked Capitalism has a good perspective on the article.
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.

Is it possible that after seeing generation of productivity gains creamed off by owners, American workers have finally figured out there’s nothing in it for them, so why do it?
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).]]> nobody http://teodesian.net/posts/1436607761 2015-07-11T09:42:41