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Output per hour booming since 2023, Noah Smith points out
Noah Smith, columnist / economist at Bloomberg Opinion, highlights that productivity, measured as output per hour, has been increasing at rates similar to the late 1990s since 2023.
Smith adds that this metric is easier to assess than total factor productivity (TFP), and employment rates remain near record highs.
Smith has previously argued that adequate U.S. welfare funding requires taxing millionaires alongside billionaires. In a separate piece, he called for American Airlines to be absorbed by competitors, citing harm to stronger carriers. His recent commentary continues a focus on macroeconomic performance and policy decisions.
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