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Ya think just maybe so called “work from home” had a HUGE bit to do with it? Hard to be productive when you’re running errands, taking the kids to soccer, or cutting the grass during work hours.
Did I miss in the article where it actually quantifies this plunge in productivity?
Dominic, did you read the part where it was reported that productivity surged upward in 2020 and 2021?
Did you even read the article before your “lazy employees” rant?
“The productivity plunge is perplexing, because productivity took off to levels not seen in decades when the coronavirus pandemic forced an overnight switch to remote work, leading some economists to suggest that the pandemic might spark longer-term growth.”
You’ve got it exactly backwards.
Do any of these geniuses ever stop think about an economy when everyone is working from home? It will be great. We don’t need many office buildings or retail centers. so we don’t need the people who work, clean, repair or build and plan these, and oh yea we don’t need the real estate tax generated by these buildings and shopping centers. Since we won’t be driving as much we won’t need to replace autos as often so we need far fewer workers and those nasty factories. It’s gonna be perfect no one really working much, and everyone living great. Just like ” BACK IN THE USSR” oh wait that’s gone.
People have just lost the desire to work. Ask any small business person about their ability to hire workers that will simply show up, without any focus on productivity.