Behind The Markets Podcast: James Bullard
Behind the Markets Podcast
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Is There Any Discussion at the Fed, the Collapse of Productivity in the First Two Quarters?
Has there been any discussion at the Fed, the collapse of productivity in the first two quarters of this unprecedented magnitude? I don't think you could get productivity to decline quite this much. But if workers are switching jobs all the time, that means the firms are training new workers all the time. And that training cost could be very high.
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