The slowdown in productivity growth and policies that can restore it

Abstract Labor productivity growth powers economic growth. Yet growth in productivity has generally slowed over the past half century, except for a brief burst during the mid-1990s and early 2000s. Since 2004 output per hour worked has grown at a pace of just 1.4 percent—which is half its pace in the three decades after World … Continue reading The slowdown in productivity growth and policies that can restore it