Paul Krugman

@paulkrugman ↗

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Last Checked Dec. 13, 2022

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Fri Nov 04 13:05:01 +0000 2022

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Paul Krugman @paulkrugman

If you were worried that we needed much lower wage growth to make up for declining productivity, yesterday's report suggests that the decline earlier this year wasn't a sustained trend; probably a temporary effect of high churn 2/ — PolitiTweet.org

Posted Nov. 4, 2022

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Paul Krugman @paulkrugman

Indeed. Monthly numbers are volatile; smoothed wage growth is only a bit above pre pandemic level 1/ — PolitiTweet.org

Here's what the Fed is watching: average hourly earnings growth is up month over month, but down over three-months.… https://t.co/2sGRF8ofx7

Posted Nov. 4, 2022

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Paul Krugman @paulkrugman

Here's the picture. My guess is that we'll soon see productivity growth, though not necessarily level, return to historical norms 3/ https://t.co/15jN3fReyt — PolitiTweet.org

Posted Nov. 4, 2022