2017-04-11 Why Is Productivity Such a Mystery?

Maybe we aren’t measuring the right things, or we’re not measuring things right. Or maybe we have the wrong ruler.

Pick your measurements carefully

Neil Irwin digs into the mystery of productivity:

Productivity is one of the most important yet least understood areas of economics. Over long periods, it is the only pathway toward higher levels of prosperity; the reason an American worker makes much more today than a century ago is that each hour of labor produces much m…

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