Posted on 06/06/2019 6:50:13 AM PDT by SeekAndFind
California, with a productivity growth rate of +1.7 percent from 2000 to 2017 was the biggest contributor to America’s productivity growth, according to the Bureau of Labor Statistics.
The nonpartisan Bureau of Labor Statistics (BLS) as a branch of the of the U.S. Department of Labor has been calculating productivity measures for the U.S. economy since 1884 by measuring labor market activity, working conditions, and price changes in the economy. The BLS has regularly reported that the U.S. productivity annual gains have fallen relentlessly from a +2.7 percent in 1966 to just a +0.5 percent recently.
But in a new study of U.S. state-level productivity study, including state-level output per hour, output, hours, unit labor costs, and after-inflation hourly compensation for the period of 2000-2017, found productivity growth varied from a high of +3.1 percent in North Dakota to a low of −0.7 percent in Louisiana. When accounting for population size and economic output, California was found the clear winner over almost two decades.
(Excerpt) Read more at americanthinker.com ...
Liberals will use this to make the argument that Blue State Socialist Economics actually works.
Most progressive place but sharpest contempt for poor people.
Most open place, but least tolerance of differences.
The creepy part about Facebook culture:
All employees are REQUIRED to be evaluated twice yearly on a 1-5 scale by 3 people who know them at Facebook, and none of them can be the 3 people YOU evaluated. You can’t roll over those same evaluators each year, either. So a good habit is to always be grooming 3 people for that purpose.
So it’s IMPOSSIBLE to be genuinely nice at Facebook —your approach will ALWAYS be construed as this semi-creepy RECRUITING pitch, akin to the awkward friendliness of a military recruiter, scientologist, or MLM salesman. And you will take that same view of others, too.
You’re REQUIRED to be nice, and there’s no such thing as sincerity at Facebook.
It’s 100% fake, 100% of the time.
That did not stop California politicians from squandering the windfall that this wondrous new technology generated. California has a huge, unmanageable state debt that is now dragging its economy down. Smart people are looking to leave.
Next they drove out productive business with their taxes.
Then they incentivized the non-producers to move in and drain the state and local coffers.
Along the way they wasted Billions on non-value added projects like the train to and from nowhere.
They continue to incentivize drug use while refusing to enforce selective laws...
And it would be a powerful one.
The recruiter told me a facebook once your hired you do this process that seemed similar to rushing fraternities to determined which group (they had some creepy name for their corporate divisions too).
All in all a weird experience - they are probably not in business in 10 years - oh right its an NSA front I take that back.
The BLS previously highlighted a growing national wage gap from 2008 to 2017 with labor productivity rising by +1.3 percent, versus labor compensation growth of just +0.5 percent. The new state-level reporting found that only “32 states saw labor productivity increase faster than real hourly compensation.” The biggest losers were New York, North Dakota, Oregon, and Pennsylvania, where the difference was 1 percent or more.
When measuring on a regional basis for annual labor productivity growth from 2000 to 2017, the West led the nation with +1.1 percent growth; the Northeast followed with +0.9 percent gains; the South grew at +.02 percent; and the Midwest dragged down the nation for 18 year with no growth.
You obviously have a keen mind for numbers.
The average person sitting out there does not.
The home of Skynet.
This is like NYS relying solely on a single “industry”. (Wall Street) and killing virtually every other incentive with horrific economic/tax policies.
NYS has had an outflow of population for decades with about a million in the last 10 years.
California rated biggest contributor to America’s (Bullshit) productivity growth
Fixed it.
The BLS is a political agency prone to lying and making up numbers. It’s a liberal propaganda machine. I wouldn’t trust them to tell me the time of day.
It seems predictions of the demise of CA have been premature.
And driven by a jealous hatred.
“California has a huge, unmanageable state debt”
That is being easily managed.
The state is wallerin’ in money.
Despite all that, state finances are solidly in the black, and the state is still the richest in the nation.
IN SPITE of the commies.
California productivity growth rate is so good they still have to raise taxes every year on everything.
“California productivity growth rate is so good they still have to raise taxes every year on everything.”
Don’t say that in earshot of the commies.
They will feel validated, and proceed.
I do not believe this statistic. They must have subtracted out the immense drain of taxes and regulation in Kalifornia on businesses.
These stats DEFINITELY have been cooked if they show Kalifornia outperforming Texas.
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