this post was submitted on 21 Sep 2023
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An economist can tell me how productive stock buybacks and CEO and executive salary raises are because they too are at record levels post-pandemic.
Depends on what the average Joe who was previously holding the stock does with the money they receive in that buyback. If they invest it in productive activity, then it can boost productivity. If they use it to buy a house, well...
You're right, but our productivity has been low for decades.
I need something more reputable than Fraser Think Tank honestly. But I do agree Canada has lower Capital intensity than the USA.