Macroeconomics 8: Productivity & Getting Lit
Planet Money Summer School
Productivity Is What Makes You Happier and Wealthier
productivity growth basically looks how good we are at making stuff when we can find ways to make things faster and cheaper. That is basically a recipe for economic growth. And so productivity is what makes you happier and wealthier. There can be these sudden, really sismic events in productivity that catapult us forward in terms of living standards and wealth as a whole country.
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