Courtesy of Mish.
One of the lingering economic debates concerns productivity growth.
Despite reports we see nearly every day that robots are taking jobs (a fact that should make productivity rise) something has gone amiss.
Productivity is measured as the output of goods and services per hour worked.
Productivity growth slowed dramatically since 2011.
US Nonfarm Productivity
Why the huge slope change if robots are taking jobs away from people?
Too Many Stores and Too Much Mall Space?
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