Erica McIntarfer

So Paul Krugman has this quote where he says, productivity isn't everything, but in the long run, it's almost everything.

So Paul Krugman has this quote where he says, productivity isn't everything, but in the long run, it's almost everything.

It's really the primary way by which we improve living standards over time.

It's really the primary way by which we improve living standards over time.

One important thing to think about is that even after these revisions, the U.S.

One important thing to think about is that even after these revisions, the U.S.

has been on a very good productivity run with a growth of 2%, 3%, and 2.2% over the last three years.

has been on a very good productivity run with a growth of 2%, 3%, and 2.2% over the last three years.

which puts us on pace with some of the strongest decades in American post-war history in terms of GDP growth.

which puts us on pace with some of the strongest decades in American post-war history in terms of GDP growth.

The thing that economists and people who try to make policy about the economy really want is productivity growth.

The thing that economists and people who try to make policy about the economy really want is productivity growth.

Productivity is amazing because you can use it on anything.

Productivity is amazing because you can use it on anything.

The Fed is in a very difficult spot right now with a softening labor market and both tariffs and oil price shocks pushing up on inflation.

The Fed is in a very difficult spot right now with a softening labor market and both tariffs and oil price shocks pushing up on inflation.

It's a good barometer, basically, for macroeconomic health.

It's a good barometer, basically, for macroeconomic health.