American workers aren't getting nearly as much done this year as they used to.
U.S. labor productivity plunged first quarter in the largest decline since 1947, then dropped by the highest annual amount on record in the second according to the Bureau of Labor Statics. The third quarter data indicates year-over-year output saw three consecutive declines for the first time since 1982.
So what is going on? One expert says there are several factors contributing to the drop in productivity, and the problem is likely to persist for some time.
Julie Bauke, founder and chief career strategist with The Bauke Group, told FOX Business the decline in output from the current workforce was largely inevitable – COVID just sped it up. In short, she says, "The world of work right now is a mess."
