BO says the economy is great, the nuke deal with Iraq is great, BOcare is great, and of course he is ABSOLUTELY GREAT!!!
Here is what the current Fed Chair says about productivity:
“The most important factor determining living standards is productivity growth, defined as increases in how much can be produced in an hour of work,” Federal Reserve Chairwoman Janet Yellen said in a speech last month. “Over time, sustained increases in productivity are necessary to support rising incomes.”Is that really hard to understand? On average, the less you have to work to create a unit of output, the better your life. It is like horsepower -- it gives you alternatives. You can work less and have more time for leisure, family, education, etc. OR, you can work the same and get more.
Productivity data since the recession has been “disappointing,” Ms. Yellen said, though the cause is open to debate. One possible factor may be the recession, which pushed firms to slash spending on equipment, and research and development.Or ... it could be that since the US has the highest corporate tax rate in the world, increasingly regulation heavy and hostile to business, investment in US worker productivity is not taking place under the BO administration ... nah, can't be that, or I'm sure our media would be all over it. Right?
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