Byrne Hobart
@ByrneHobart · Jun 30, 2023
One crazy thing here is that you can explain 100% of the gap by 1) real vs nominal, 2) labor force participation, and 3) time spent working. On an output-per-hour growth basis, Japan and the US have identical numbers over that period.
thediff.co/archive/a-diff…
Elon Musk
@elonmusk
All economies are just productivity per person times population. Japan is losing population at twice rate of creation (~1.6M deaths last year vs ~0.8M births).
At a granular level, economic output fluctuates dramatically, with Sunday being terrible & Monday being great.
11:52 PM · June 30, 2023 · 116.4K views
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