And here’s a curious bit of data for both Buffett and Greenspan, champions of the “American productivity” school of euphorinomics: Between 2000-2007, U.S. worker productivity increased 18%, but salaries declined, on average, $2,000. Despite producing an average of 2.5% more geegaws each year, the median inflation-adjusted family has fallen over the past seven years, . . . → Read More: Productivity
