Productivity growth in America may not be dead after all
Productivity growth in America is dead.
Or so we've been told.
Over the last 13 years, US labor productivity has grown about 1.4% per year, well below the 2.2% long-run trend for the economy since World War II.
And in his book on the topic published earlier this year — "The Rise and Fall of American Growth" — economist Robert Gordon outlined what has become the definitive case for why this low productivity trend is likely to persist.
Gordon's argument is basically that during the ear
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