by Karl Denninger
Market-Ticker.org
In case you haven’t noticed productivity has been in the tank. Even the government admits it, but you see it everywhere. Staff in stores that aren’t doing much if anything at all, surly assistance, firms apologizing when you come in the door because they’re “short-staffed” and similar.
Productivity is simple to define: It is doing more with less.
That’s all.
It is, over the five or so thousand years of recorded human history, the single event that moves the common status of mankind forward.
But now, it has stopped.