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One would have to control for all the layoffs, tarrifs, interest rates etc too.

On the other hand, people are working much harder today than 3 years ago (remember people not showing up to work and posting on TikTok about how little work did collecting paychecks from 2 different companies etc?)

Just saying it's very hard to look at a time series and determine an effect size, even though politicians/CEOs like to claim ownership for growths.



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