Rantings and tirades of a frustrated economist.
Captain,I worked at a factory in Michigan in 1979 which had 6,000 factory workers. Today the factory on that site has 760 bargining unit workers and produces 4 times the product that it did in 1979. That is a 31.5 TIMES increase in productivity. the fact that housing has not caught up yet is just lag in the system, that at a house is much more a capital good than most manufacturing jobs produce.
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