What Economists Get Wrong About Measuring Productivity
Harvard Business Review
SEPTEMBER 14, 2015
productivity growth – or the lack thereof. The 3+%/year labor productivity growth rates of the 1950s and 1960s slowed to under 2% in the 1970s and then to 1.5% But just as the economists and IT enthusiasts were completing their victory lap, productivity growth headed into the doldrums for a decade — growing at an anemic 1.4%/year
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