What Manufacturing Productivity Suggests About ‘Dollars’ And Stagnation

By |2017-07-25T16:42:35-04:00July 25th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In a report released last week, the Bureau of Labor Statistics (BLS) found that Multi-Factor Productivity rose in only 21 of the 86 categories of the manufacturing industry in 2015. Unlike labor productivity which is more easily calculated, Multi-Factor Productivity measures attempt to take account of all business inputs (including labor). Capitalism is by its nature the combination of all [...]