Posted on 05/05/2022 6:22:50 AM PDT by Browns Ultra Fan
Here’s some simple Medusa math for you: negative growth + payroll gains = negative productivity. Negative productivity + high labor costs = very high unit labor costs. That’s not a pretty picture for the economy or for companies, and the Q1 figures were even worse than expected — productivity fell by 7.5%, pushing unit labor costs up by 11.6%. Nasty.
In fact, labor productivity fell to the lowest level since 1947 and President Harry Truman.
Of course, Biden’s green energy policies have led to crushing inflation.
Biden’s policies are a Medusa-touch on the economy.
The new logo for the Biden Administration.
(Excerpt) Read more at confoundedinterest.net ...
Inflation not anywhere close to coming down with those numbers.
“Another win for Biden! The WORST economy since the post WWII recession under Truman. Way to go Brainless Joe!!”
Joe’s handlers tell him he’s doing great, and that the economy is really booming, and Joe believes it.
Don’t cut payroll, cut costs!
That is what happens when you put Communists in charge America. MALA.
Gold up, silver down, crude oil over $110, everything else down.
Markets tanking again, There goes my new roof.
Joe is doing the job they wanted. Current conditions are actually desired by “Progressives”. A fundamental transformation to a T.
*** Joe is doing the job they wanted. Current conditions are actually desired by “Progressives”. A fundamental transformation to a T. ***
Agreed.
Thanks Joe!
Well, you know, paying people more funny money that is worth less that what you were paying them before is not really a “payroll gain”, except on paper. Certainly it’s no gain for the fewer workers employed who are expected to do more and get less purchasing power out of the arrangement.
Well, in business you have fixed costs (that can’t be cut) and variable costs that can be cut. Payroll is usually by far the largest variable cost that a business can cut.
I was mocking Biden’s comment.🤓
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