Timmy elsewhere

Falling productivity can be a good thing.

5 thoughts on “Timmy elsewhere”

  1. Most importantly, while manufacturing output has grown slightly in the last five years, the growth in manufacturing output – traditionally evident despite job losses – has effectively stagnated, even as more jobs are being created.

    There’s a mistake in here.

  2. @ Jack C
    He’s saying the same fact from two different viewpoints. It has grown slightly in *five years* means that it has “effectively stagnated”.
    Glass half full = glass half empty.

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