this post was submitted on 06 Apr 2024
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[–] [email protected] 35 points 1 year ago* (last edited 1 year ago) (3 children)

Labour productivity has grown by 0.2 percent annually, on average, between early 2015 and the end of 2023.

...average weekly earnings have increased only 1.6 percent between January 2015 and January 2024, or less than 0.2 percent per year.

This sounds like productivity is commensurate with pay. Maybe instead of advocating for interest rates to drop (which has issues of its own), we should be advocating for proper pay raises?

Edit to add a note: This comment is intending to call them out about poor wages. If you want more productivity, then pay us for it! I'm sick of doing the work of 3 people with measly, if any, wage raises!

[–] [email protected] 17 points 1 year ago

But think about the shareholders. They can't just cancel Disney+ because of some silly pay raises.

[–] [email protected] 2 points 1 year ago (1 children)

Higher interest rates slow spending

Higher pay increases spending

[–] [email protected] 1 points 1 year ago

If only the economics of whole countries was this simple.