This is more due to natural booms and busts of our economic cycle. What the GOP administration is doing is unsustainable though. They are pumping up the supply side of the economy without taking into account the demand side. The economy is being fueled by credit cards and financing.
How's that working out again? "The rich are getting free money and capitalism is broken, says US billionaire" https://au.finance.yahoo.com/news/rich-free-money-capitalism-broken-ray-dalio-011750854.html
Opinion pieces are not the same as journalistic articles. If you trust them from any source, you're a fool
According to the Wall Street Journal: US Productivity fell for the first quarter since 2015: https://www.wsj.com/articles/u-s-productivity-fell-0-3-in-third-quarter-11573050207 WASHINGTON—U.S. productivity fell in the third quarter, pulling back from gains earlier this year, the Labor Department reported Wednesday. Nonfarm labor productivity declined at a seasonally adjusted annual rate of 0.3% from the second quarter of this year. Economists surveyed by The Wall Street Journal expected a 0.9% increase. The decrease was the first quarterly decline since the fourth quarter of 2015, and came after gains in the first and second quarters of this year, when productivity rose 3.5% and a revised 2.5%, respectively. Productivity grew 1.4% in the third quarter compared to the same period last year. That level remains below the average annual 2.7% rate of productivity growth between 2000 and 2007, prior to the last recession. Productivity grew 1.8% in the second quarter from the same period in 2018. Nonfarm unit labor costs-a measure of compensation for U.S. workers-rose 3.6% from the previous quarter, more than the 2.3% rise economists were expecting. The increase in labor costs came as hourly compensation advanced 1.4% during the third quarter. The increase in the cost of labor follows gains during the first and second quarters of 2019. Costs rose 3.1% from the third quarter last year. The Labor Department report on productivity can be accessed at http://bls.gov/lpc.
I wonder what po Connies think about that line. Probably think it's some libruhl talking point generated by the MSM....
