Here's a post from Brad DeLong's blog, with DeLong using lots of all-caps and some abbreviations I can't figure out (what's "Z" for? Zounds? Zowie?--but I get the gist), and revising his view of the great Polish Marxist economist Michal Kalecki (he revised the spelling of Kalecki's first name, too, I noticed).
I am not quite sure why he's so surprised--productivity has to do with output per worker, and lots of people have been fired, and the ones who haven't are worried about losing their jobs. So--stands to reason. I guess it's that the growth is *so* large. Hat-tip to Larry P.
Read the original post.