Behind all the marketing spin about ‘robust growth’ and demand-driven inflation, the truth is this: workers x productivity drive economic growth and real income. These trends remain negative since 2019.
“The economy hasn’t added one single job from the 2019 high-water mark. Not one. All the jobs that we have seen gained is recovered jobs that were lost. We’re not yet producing new jobs,” says economist @NelaRichardson on the labor market. pic.twitter.com/VxHaA8IGpj
— Squawk Box (@SquawkCNBC) January 12, 2022
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