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cover of episode Making more stuff without working more hours

Making more stuff without working more hours

2024/8/1
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Productivity growth helps increase wages without leading to a wage-price spiral, as businesses can produce more without hiring more workers, leading to higher revenue and potentially higher wages.

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Strong productivity growth last quarter coupled with recent wage growth means we’re generating more output and, at least to some extent, getting paid for it. In this episode, why productivity growth prevents a wage-price spiral. Plus, California wants to build an offshore wind turbine assembly plant, national economics impact national performance in the Olympics and equity-rich homeowners can’t do much with their housing wealth right now.