Noah Smith 🐇🇺🇸🇺🇦🇹🇼
@Noahpinion
Writes about economics, posts about rabbits.
For serious opinions/analysis, read my blog:
参加 April 2011
1.7K フォロー中 935.1K ファン
The Roaring 20s story is alive and well, and TFP data is basically useless.
U.S. labor productivity, 2013–2026:
> Unremarkable growth for most of the 2010s
> Breaks sharply higher starting 2020
> Now running 2.2% above where the old trend said we'd be
The last time this happened was 1995–2004, when the internet added close to 3% a year for a full decade.
Looks like we're a few years into the sequel.
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