Industrial production (including mining and power generation) is up 75 percent since 85 vs. - 1.5 in Japan and +30 in Germany. Yet employment is way down.
Scott Sumner explains: it's the productivity stupid.
http://www.themoneyillusion.com/?p=28175
Industrial production (including mining and power generation) is up 75 percent since 85 vs. - 1.5 in Japan and +30 in Germany. Yet employment is way down.
Scott Sumner explains: it's the productivity stupid.
http://www.themoneyillusion.com/?p=28175
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