Comment on America’s Decline in 1 graph

Deconceptualist@leminal.space ⁨21⁩ ⁨hours⁩ ago

• Natanael@infosec.pub ⁨1⁩ ⁨hour⁩ ago

  Typically connected to production & revenue, divided by worked hours

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• redrumBot@lemmy.ml ⁨5⁩ ⁨hours⁩ ago

  From the link in the image:

  **Notes: […] “Net productivity” is the growth of output of goods and services less depreciation per hour worked.

  […]

  What is productivity, and why did pay and productivity once climb together?: Productivity measures how much income is generated (for workers, business owners, landlords, and everyone else together) in an average hour of work in the economy. […]

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  • Deconceptualist@leminal.space ⁨4⁩ ⁨hours⁩ ago

    Thanks. So… dollars I guess?

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    • redrumBot@lemmy.ml ⁨4⁩ ⁨hours⁩ ago

      I would say % change since 1948 of $/hour since 1948, for both, productivity and compensation.

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• captain_aggravated@sh.itjust.works ⁨21⁩ ⁨hours⁩ ago

  “Percent change” according to the axis label. “Hourly compensation” is also in units of “percent change” which also kind of reeks.

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  • Deconceptualist@leminal.space ⁨18⁩ ⁨hours⁩ ago

    Percentage is a ratio, i.e. X units per 100 units. I’m asking what those units are in the first place.

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    • sockinggood@piefed.social ⁨9⁩ ⁨hours⁩ ago

      Probably money, and probably turnover.

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