According to a report from Bank of America, US worker productivity has hit an all-time high. As productivity has increased, wage growth year-over-year has also seen a slight increase, meaning consumers are willing to spend more.
Yahoo Finance Markets Reporter Josh Schafer joins the Live show to break down why the results do not comprise an ‘inflationary problem’ and how productivity can help company margins.
#youtube #stockmarket #work
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
Blame it on Biden 😂😂
Boomers retiring ?
Because the workers gotta pay more for inflation more on groceries
What does the term ‘productive’ mean if US workers do not manufacture or produce real goods? They are ‘productive’ in consuming goods and spending their wages in restaurants and providing other services to each other. They are productive inventing self delusional terms to make themselves feel good.
خطأ
Are you sure
Or, Bank of America is wrong, and manipulating the already manipulated numbers. Americans are not more productive, they spend more time swiping on their phones than ever, rather than working.
Then they should pay their employees more.
Illegals
BofA raised wages for new employees but they didn’t increase wages for existing employees, they in fact found excuses to not give COLA adjusted merit increases that were promised, raised medical insurance costs, and had more tenured employees leaving due to abuse in the workplace day over day than many other firms.