There's comments is this thread of amazing journalism but the LLC shows as inactive on the Division of CA website (entity 201008110204) and the Expand IT website itself is dead. For all we know, this is a Lyft or Uber driver. Unless I'm missing some SFPD statement known to the journalist?
EDIT: got an old filling; see njstraub608's comment. My mistake
You misunderstand how labor productivity is calculated. It’s simply the the total amount of wealth generated by a worker per hour. So for instance, a worker at a McDonalds restaurant generates $150 in wealth per hour, and gets paid $12 per hour on average.
Total wealth is created by productivity and is then divided between labor and capital. Where labor unions are strong, more of the total wealth goes to labor, and where labor unions are weak, more of the total wealth goes to capital.
It’s the total wealth per hour that has seen slow growth in recent decades.
If you doubt how much computers destroy productivity, then simply visit a hospital and you can see it with your own eyes. My mom was recently in the hospital so I got to see this myself. Mistake after mistake because of bad information either put into the computer, or codes being misinterpreted.
In the old days, an army of secretaries kept the world in order. Despite your intuitions, they did in fact have ways of quickly finding one file out of millions of files. And secretaries offered a flexibility that we’ve lost with computers.
It is the loss of flexibility that causes computers to damage productivity.
I would argue this isn’t necessarily because of computers but a byproduct of an antiquated system and process being codified into a computer. The reason for this seems to be that there are structural inefficiencies built into our healthcare system that create a ton of added complexity that is near impossible to unwind because of legal (contractual and privacy-related) risks. For example, any attempts at improving efficiency in patient care creates potential liabilities for medical professionals. People are scared to innovate in this space, so the programs are just digital translations of an existing process. This requires a time investment to learn the “new way” of doing the same thing, and builds inherit laziness because steps are still require that should have been automated away. Medical notes are a good example of this; it’s required to be documented in an extremely specific way and of a certain length because of insurance so it just ends up being copy and pasted, free text, by the physician to meet this requirement.
In my experience, the only way Google search results could be less relevant is if they disregarded the query altogether and invariably dispensed a liquid almost, but not entirely, unlike tea.
More outrageously, wet streets apparently cause rain: "sectors where prices have actually been rising and contributing to inflation". You heard it here first folks, from the self-proclaimed most reliable source of information in the universe.
Some examples:
"With more money being saved, and investments yielding higher returns, the more there is to spend on homes."
I tried dig up more information about how exactly BEA calculations the Personal Savings Rate, but it seems to be an estimate based on aggregate consumption. This savings rate doesn't necessarily imply that this money is invested in the stock market. Even if it was and they bought and then sold investments to pay for their homes they still have to pay taxes on those short-term sales. An increasing savings rate by ~26% over < 12 months is interesting but doesn't seem to be a strong argument. I think we need to go deeper here to see if this is a median number and how it would break down by demographics.
"We are in a record low rate environment, we’ve experienced unprecedented support via fiscal stimulus, and mortgage underwriting standards are far stronger than in the oughts, which has lead to less leverage and reduced the likelihood that a pile of cards built on risky mortgages will collapse the economy."
Generally with more expensive homes people are left with fewer options with who underwrites large loans, driving them to jumbo mortgage lenders. People may have stretched themselves to be able to buy a home given the low rates and the need for more space.
While I would like to say I agree with this, it's due to confirmation bias and an availability heuristic. If you don't provide data to support these claims then you're assuming your readers are no better than the subject of your post.
Transportation projects are dominated by politics, handouts, corruption and excessive opposition to transportation even existing, while ignoring practical and common sense ideas.
The Cal High speed rail is a perfect example. Routes that don't serve major population centers, fights over land use, fights over whether a rail line should even exist, circuitous routes to reward political supporters, lack of transparency and auditing tools, cost overruns and corruption...
There's a good write up here: https://www.city-journal.org/californias-high-speed-rail-pro...
Europe and Asia just build transit to be transit. In the US at least, if something actually gets built and used it's just a nice side effect.