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by zawazzi 2676 days ago
US Productivity grows by 2% a year which suggests in aggregate, most people are playing a zero sum game.
2 comments

I think productivity is better conceived as the first derivative of value wrt. time. So productivity growth is the second derivative. It’s good news if that number is positive at all.
That just suggests disposable income is a zero sum game. Within GDP you can have massive disparities in value generated.