Worker productivity falls after a slow rise for 4 years

"Yesterday, the Labor Dept. reported that its standard measure of worker productivity ("real output per hour") dropped an annualized 0.3% in Q3, the first quarterly decline in almost four years. Annually, productivity is up just 1.4%, or about two-thirds its long run average. How we got here Instagram. Also, it appears businesses have shied away from investing in productivity generators like machinery or computers in light of the U.S.-China trade war. That’s likely undercut some of the benefits of 2017’s tax cuts...which were intended to boost business investment in productivity generators like machinery or computers."

Read the full article at morning brew

https://www.morningbrew.com/daily/stories/2019/11/06/worker-productivity-falls-first-time-four-years