Augustus Christensen’s Post

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Founder & CEO at Scoops | Investing Education | Stakeholder Capitalism

Americans keep getting more productive, but wages haven’t grown as quickly. The Labor Department reported that nonfarm business sector labor productivity increased at a 3.2% annualized rate in the last three months of the year, which was far more productive than expected. Output increased 3.5%, and hours worked increased 0.3%. Throughout 2023, labor productivity increased by 1.3%, and inflation-adjusted wages rose only 0.1% after declining -4.1% in 2022 and -0.3% in 2021. #costofliving #wagegrowth #wages #costoflivingcrisis #inequality #economy #business #money #stocks #investing #sharescoops #stakeholdercapitalism #stakeholderadvocacy #corporatetransparency #corporateaccountability

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