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Second Quarter Productivity Drops Again, Companies Paying Workers More to Produce Less
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Posted On: August 9, 2022
The previous first quarter productivity drop of 7.4% was the largest quarterly drop in 74 years. Today the Bureau of Labor Statistics (BLS) reports the second quarter productivity dropped another 4.6% [Data Here]. For July, companies are paying 5.7% higher wages and getting a 4.6% drop in output, resulting in a total unit labor cost […]
The post Second Quarter Productivity Drops Again, Companies Paying Workers More to Produce Less appeared first on The Last Refuge.
Re Posted From: Second Quarter Productivity Drops Again, Companies Paying Workers More to Produce Less
[BACK]
[BACK]Posted On: August 9, 2022
The previous first quarter productivity drop of 7.4% was the largest quarterly drop in 74 years. Today the Bureau of Labor Statistics (BLS) reports the second quarter productivity dropped another 4.6% [Data Here]. For July, companies are paying 5.7% higher wages and getting a 4.6% drop in output, resulting in a total unit labor cost […]
The post Second Quarter Productivity Drops Again, Companies Paying Workers More to Produce Less appeared first on The Last Refuge.
Re Posted From: Second Quarter Productivity Drops Again, Companies Paying Workers More to Produce Less