Insolvent US Debt Bubbles Bursting As Production Tanks, So Long US Economy! Reader 01/03/2019 (Thu) 15:39:22 Id: 7259fd No.13552 del
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U.S. private sector productivity rose by 2.3% during Q3, according to the Bureau of Labour Statistics, following a massive hike in deficit spending by the Trump Administration.

These data matter.

If each of us produces more each year, we make ourselves richer … but more importantly, through the progressive income tax system, we also make each other richer.

However, longer term, annual U.S. productivity gains have slipped from an average of 2.3% during the seven decades starting in Q4 1948 to just 1.1% in the decade following the start of the 2007 financial crisis.

Worse, there are growing signs that U.S. labour productivity is not just slowing, it’s in a freefall.

The idea that American productivity is collapsing seems ludicrous. This, during a time of an increasingly educated population, exploding technology and communications power, as well as the proliferation of AI, mobile devices and robotized manufacturing processes.

However, a range of forces are pushing in the opposite direction:

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