Weekend Reading: Thinking Productively about Productivity

“Productivity isn’t everything, but, in the long run, it is almost everything” – Paul Krugman

 

Productivity measures how well an economy uses its resources. It is key to a wide range of social outcomes: job creation, economic growth and even life expectancy. But throughout most of the current expansion, global productivity has stagnated. Measurement challenges are responsible for some of this disappointing trend, but it is also the result of systemically cautious business investment. Fortunately, there are recent signs that productivity may be rising more rapidly.

 

Read about man v. machine learning and the productivity puzzle

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