U.S. Labor Productivity Suffers Biggest Crash Ever Recorded, Labor Costs Soar Most Since 1982

https://www.breitbart.com/economy/2...uctivity-suffers-biggest-crash-ever-recorded/

Major companies are now going to be trimming their overhead with the new tax structure that will actually increase inflation. Productivity also takes a hit when workers realize that they have to put in more time at home to cover a heavier workload.

This has all of the hallmarks of stagflation as the housing market is now being affected by inflation on top of higher mortgage rates that are pushing potential home buyers away who know they would not be able to make ends meet.

I feel sorry for the fools that thought that the Democrats were going to help people out by raising wages. Many will now be under employed as a result, just like it was when Jimmy Carter created a stagnant economy.

 

"Today, thanks to the economic plan and the vaccination plan that my Administration put into action, America has achieved the most robust recovery in modern history." -- Joe Biden