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To Increase America’s Productivity, Ban This…

October 1, 2017 Tyler Durden 0

Aside from short-lived booms in the 1990s and 2000s, US productivity growth has averaged just 1.2% from 1975 up to today after peaking above 3% in 1972.

As we detailed previously, adjusting for the WWII anomaly (which tells us that GDP is not a good measure of a country’s prosperity) US productivity growth peaked in 1972 – incidentally the year after Nixon took the US off gold.

The productivity decline witnessed ever since is unprecedented. Despite the short lived boom of the 1990s US productivity growth only average 1.2 per cent from 1975 up to today.

If we isolate the last 15 years US productivity growth is on par with what an agrarian slave economy was able to achieve 200 years ago.

As we reported last year, users spent 51% of their total internet time on mobile devices, for a total of 5.6 hours per day snapchatting, face-booking, insta-graming and taking selfies.

It’s an everyday sight – people using their phones while sitting on the train, waiting for a bus, or even having a meal with their partner.

What exactly are they doing the whole time though?

When it comes to social networks, Verto Analytics may have the answer. The most time spent in the U.S. on a ‘mainstream’ app is the 899 minutes per month of the average Facebook user.

The social network whose users invest the most time though is a networking app for gay, bi, and curious men – Grindr. WIth a huge 1,040 minutes on average, that’s over 17 hours every month.

In third place, Growlr is also a networking/dating app for homosexual men. The average user here spends 665 minutes per month.

In eighth, Twitter’s struggles are again highlighted, with only 176 minutes in Q3 2017.

Figures refer to usage across all platforms, not just mobile.

Infographic: The Most Time Consuming Social Networks | Statista

You will find more statistics at Statista

So, maybe in their next wide-ranging study, economists could include a test group of workers who leave their phones in a locker at the beginning of the work day, and try to measure how much their “productivity” improves. So, while every effort can be made by Ivory Tower academics to solve the problem of American worker productivity, perhaps it can be summed up simply as “Put The Smart-Phone Down!”

 

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Air France plane forced to land in Canada with engine damage

October 1, 2017 rbksa 0
Author: 
The Associated Press
Sun, 2017-10-01 03:00
ID: 
1506818376905517100

GOOSE BAY, Newfoundland: An Air France flight to Los Angeles from Paris was forced to land in the Canadian province of Newfoundland and Labrador following “serious damage” to one of the plane’s four engines on Saturday.
The airline said the plane landed safely in the afternoon after being diverted to Goose Bay airport as a precaution.
Passengers on board the aircraft tweeted photos and video of the plane flying through the clouds with a damaged engine.
“We heard this tremendous bang. It was like the plane hit a Jeep at 35,000 feet,” passenger Pamela Adams said in a telephone interview. “We grabbed onto something and then we sat down, and the plane righted itself fairly soon.”
Passengers nervously joked to one another as they tried to make sense of the commotion, Adams said. She figured the plane had struck a bird, but then, it became clear that the situation was more dramatic.
The pilot came on over the loudspeaker and said the plane had lost one of its engines and would be landing in Canada, Adams said.
The plane landed 90 minutes later. The crew handed out meals as they waited on the runway for hours.
Air France said it brought in two flights to carry the 497 passengers from Goose Bay to Los Angeles.

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The Brand and Plant of Motor Oils POLYMERIUM Announces Pre-Sale of Tokens

October 1, 2017 News BTC 0

Before the launch of ICO, the main selling of tokens, the manufacturer of motor oils POLYMERIUM announces the sale of tokens with a discount of 60%. The goal of the project is the construction of new factories in Russia and China, as well as the scaling of mini-factories in the franchise program around the world … Continue reading The Brand and Plant of Motor Oils POLYMERIUM Announces Pre-Sale of Tokens

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Guns & Crypto: How Bitcoin Is Helping Keep Cody Wilson’s Anarchist Dream Alive

October 1, 2017 Michael del Castillo 0

Bitcoin’s recent price gains appear to be translating into increased business for a surprising sector of the economy: guns-and-ammo retailers.

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Welcome To The Hunger Games: Trump’s Tax Plan To Unleash Battle Royal Among D.C. Lobbyists

October 1, 2017 Tyler Durden 0

Authored by Michael Snyder via The Economic Collapse blog,
Are you ready for mass chaos in Washington?

There are lobbyists for just about every cause that you can possibly imagine, and they are always working hard to influence members of Congress on t…

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