3min chapter

Macro Musings with David Beckworth cover image

Heather Long, Ryan Avent, and Cardiff Garcia on Pandemic Reflections and Economic Predictions for the Future

Macro Musings with David Beckworth

CHAPTER

Are We on the Verge of Productivity Boom?

I think I was a little bit too excited by some of these anecdotal narratives of somebody quitting their job and going into working on windmills. But if you actually look at the early data that we have from California and some other states, it shows that a lot of people change jobs, but they still generally stayed within the same sector. And we'll see how those dynamics go forward. Well, we have to big time on inflation. I totally got that wrong. I over learned the lessons of the 2010s, didn't pay enough attention to N GDP. How could I do that? What a critical mistake. It's funny, like, parts of the story I got right in that

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