The Mysterious Slowdown in U.S. Manufacturing Productivity
Danial Lashkari and Jeremy Pearce, July 11, 2024 Throughout the twentieth century, steady technological and organizational innovations, along with the accumulation of productive capital, increased labor productivity at a steady rate of around 2 percent per year. However, the past two decades have witnessed a slowdown in labor productivity (LP), measured as value added per hour … Les mer