The NYT says American productivity is stagnant. Here's a theory why.
The New York Times observes that American productivity is stagnant, and considers three theories why. During the 2008 recession, labor productivity soared. Was this because employers laid off their least productive workers first? Because everybody worked harder, fearful for their jobs? Or was it a measurement problem as government statistics-takers struggled to capture fast-moving changes in the economy? We don’t know for sure. None of the Times' three theories use this armchair psychoanalysis to consider one obvious reason American workers aren't more productive these days: It isn't friggin' worth it. Since the end of the Great Recession, Americans have become more and more aware — aided by growing discussion of income inequality and movements like Occupy Wall Street — of two very salient points: • For decades, American productivity has soared. • During those same decades, worker wages have stagnated. Here's The Atlantic, reporting in February 2015 :