If you can believe that number. If I had Covid in China I would do everything to keep that a secret.
The drop in productivity is a fake as it is still higher than in 2010 before Covid.
China already has an edge by numbers alone. Total productivity is the main factor here.
> The drop in productivity is a fake as it is still higher than in 2010 before Covid.
Could it be that we made technological progress in the mean time?
The drop definitely isn't fake (https://www.bls.gov/charts/productivity-and-costs/nonfarm-bu..., look at the blue line), and a stark break from a consistent increase in productivity that's been ongoing for decades with few exceptions (https://ourworldindata.org/grapher/labor-productivity-per-ho...).
https://www.washingtonpost.com/business/2022/10/31/productiv...
This is a typical media filler story. Textual bullshit. Reality was probably too boring again.
The WaPo article only shows the dotted line data from the BLS graph, which is far noisier, but shows two consecutive quarters of decline, which is unusual too.