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Monday, August 02, 2021

The Coming Growth?

Good intro to a quite optimistic view of productivity, below is just his intro, pointing on to a more complete look.    I certainly hope so. 

The Coming Era of Productivity Growth  via  Irving Wladawsky-Berger  in his Blog

“The last 15 years have been tough times for many Americans, but there are now encouraging signs of a turnaround,” wrote economists Erik Brynjolfsson and Georgios Petropoulos in The Coming Productivity Boom,  a recent opinion article in the MIT Technology Review. “Productivity growth, a key driver for higher living standards, averaged only 1.3% since 2006, less than half the rate of the previous decade. But on June 3, the US Bureau of Labor Statistics reported that US labour productivity increased by 5.4% in the first quarter of 2021. What’s better, there’s reason to believe that this is not just a blip, but rather a harbinger of better times ahead: a productivity surge that will match or surpass the boom times of the 1990s.”  ...  '

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