Inflation and Unit Labor Cost

[Smid]

Output per worker. As we note it doubled it's 1987 number some time in early 2005. Pretty much the same amount of time a child born in 1987 took to graduate high school.

Interesting that nearly all that increase took place in the 1990s.

and the number of people employed stayed pretty much the same until the 2001 recession.

So about the time computers started becoming cheap?