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Labor Productivity Falls To Lowest Level In 80 Years

Are we the only ones who are more than a little troubled by this headline from earlier this week:

What this is essentially saying is that labor costs are growing faster than labor productivity. If this trend is allowed to persist it means that more jobs will leave the U.S. for less expensive workers in Mexico, China, India, and other lower-wage countries.

A big factor in the loss of average worker output is that millions of Americans of qualified workers are staying out of the workforce in the new post-pandemic era.

We have a fairly simple solution to the problem: stop paying Americans not to work through the welfare state and let more skilled immigrants into our country.

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