Under Biden’s ‘Leadership’ US Labor Productivity Suffers Worst Decline in 40 Years – RedState

Under Biden’s ‘Leadership’ US Labor Productivity Suffers Worst Decline in 40 Years – RedState

In this episode of “Joe Biden’s America,” our lead character’s economic policy is stuck on stupid.

That’s not meant to be funny; it’s the sad truth. But, let me insert a “humorous” double-negative to illustrate another point:

Joe Biden just can’t not lie about the U.S. economy — and his administration’s disastrous effect on it.

Let’s stick on that theme for a bit before we get to the latest disastrous economic news that further drives home the point. The basic problem with Biden and the economy is that he doesn’t appear capable of grasping even the most basic economic principles.

Biden continues to push his massive wealth-redistribution, socialist disaster-in-waiting that he laughingly calls “Build Back Better,” while his months of handouts have kept millions of unemployed workers purposely unemployed — choosing instead to sit home and collect taxpayer-funded checks.

Meanwhile, Biden’s unconstitutional mandates have crippled untold numbers of businesses large and small that can no longer produce sufficient quantities of the goods Americans want and/or need — while driving up inflation and prices to the extent that millions of consumers are forced to cut back, their fixed incomes no longer able to buy as they could previously buy. (See: “purchasing power,” Joe.)

And on Tuesday, angry voters from Virginia to Texas and across America soundly rejected Joe Biden’s America and more specifically, Joe Biden’s plethora of disastrous policies. Yet? Joe blamed Tuesday’s Democrat beatdown on “confused” Americans. No word if Joe also thinks those confused Americans are deplorable, or gun- and Bible-clingers. The reality is, it’s Joe who is confused — and clueless.

Worse, a growing majority of everyday Americans know it. 

I could go on, but suffice it to say that Joe Biden’s America is sick and getting sicker. The latest case in point, as reported by Breitbart, is the U.S. Labor Department on Thursday reported that labor (worker) productivity in the third quarter slumped much more than expected.

Nonfarm business sector labor productivity decreased 5.0 percent in the third quarter of 2021, as output increased 1.7 percent and hours worked increased 7.0 percent.

This is the lowest rate of quarterly productivity growth since the second quarter of 1981, when the measure decreased 5.1 percent.

As defined by the U.S. Bureau of Labor Statistics, labor productivity is real output (of goods and services) per labor hour. Growth in labor productivity is measured as the change in this ratio over time. Labor productivity growth enables workers to produce more goods and services than they could otherwise produce for a given number of work hours.

So, here we find ourselves.

On Thursday, Nov. 4, 2021, in Joe Biden’s America, U.S. labor productivity has suffered its greatest quarterly decline in forty years. And by every indication, Biden and his administration want to make it worse.

We could have continued far deeper into the economic weeds in this article, gang. But to paraphrase Hillary, what difference would it have made? To prove how hopelessly and purposely inept Joe Biden and his administration are, I mean? A glance at the following RedState headlines tells us all we need to know.

The Biden Administration Admits It’s Killing the Economy for No Reason

CNBC Poll Shows Biden “Deeply Underwater” and Suggests It Really Is the Economy, Stupid

America’s Latest Poll Numbers on the Economy Spell Even More Trouble for Biden and the Democrats

As Biden Economy Continues to Tank, CBS Desperately Tries to Rationalize Terrible Job Numbers

Even worse? I could add 10 more similar headlines and still not run out of examples. Yet?

Try this one on:

President Biden says that his takeaway from the Virginia election results is that he will continue to push for the $1 trillion Senate-passed infrastructure bill along with his nearly $2 trillion Build Back Better Act.

No, he really said that.

“I do know that people want us to get things done. They want us to get things done. And that’s why I’m continuing to push very hard for the Democratic Party to move along and pass my infrastructure bill and my Build Back Better bill. I think we should have, it should have passed before Election Day.”

How do you even respond to something that delusional and detached from reality?

Joe Biden and the Democrat Party. The gift that keeps on giving. While they rob us blind.

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Originally Posted on: https://redstate.com/mike_miller/2021/11/04/under-bidens-leadership-us-labor-productivity-suffers-worst-decline-in-40-years-n470014
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