pandemic the trend and all these things was rising because every month we added 90000 new adults to the american population who could work. so we are millions of workers behind where we could be. the miracle of this all is that real gdp, real gdp adjusted for the high inflation that we have something like 2% higher than it was before the pandemic. and yet all employment metrics are about 2% below trend. so whatever else you may say we are in a productivity boom. there is so much demand for labor out there as you know. employers tell everybody you talk to i can t find workers, i can t find the workers i need at the skill level i require. and that you have a shrinking labor force. it is a puzzle. you are saying this is probably just noise it s one month? or is there a bigger problem?
many cases and go to work. and rising automation. when you go to a hotel now how much is automatically done, you push a button at a kiosk, push a button instead of talking to a person in many cases. this has all helped to fuel a productivity boom in 2020 and 2021, and i m moderately encouraged this could potentially be a big driver of growth for the united states going forward, if we can keep a lot of these gains going. so all in all, what you are describing, it sounds like there may be good news in this puzzling data. thank you very much for joining us. thank you, fareed. next on gps how does a political furor in poland relate to one of the biggest furors about the political future of
obviously, there was a huge digitization of so many different fields. there was a productivity gained for people not having to travel or drive around and they were able to just log right in in certain cases and go to work. and rising automation. when you go to a hotel now how much is automatically done, you push a button at a kiosk, push a button instead of talking to a person in many cases. this fueled a productivity boom in 2020 and 2021 and i m moderately encouraged this could potentially be a big driver of growth for the united states going forward, if we can keep a lot of these gains going. so all in all, what you are describing, it sounds like there may be good news in this puzzling data. thank you very much for joining us. thank you, fareed. next on gps how does a
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point that the economy is basically demographics plus productivi productivity. but productivity has been stagnant. i think there is a big debate about whether we re going into a productivity boom and whether that s going to create jobs. the number of jobs they are creating is going down. at the same time our democratics are not great. the antiimmigrant sentiment is also not hepping that. at the end of the day, growth is two things, the number of people working and how productive they r. neither of those things are going up right now. nobody outside the trump administration thinks that growth is going to be above 2% any time soon. we have record low numbers of people in the workforce. we actually have a pretty good labor force that need workers. the problem is we have had a record low number of people who aren t working age that are working. that s why i love the trump budget where mulvaney said we re