How Long Will It Take Before Productivity Declines?

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Only something like forty per cent of americans can work from home. That accounts for fifty six per cent of g d p, because they tend to be higher earning individuals. In the short run, that increases productivity as long as you've reasonable conditions such as intonat ind a room and your own exclusive room to work in. But i fear there'll be a drop in patenting in twenty twenty one, twenty twenty two because of this. And the question is, how firms to respond? My guesses, from talking to a lot of u s companies, as they will return partly to the office. I don't think need o in the office five days a week to be creative,...

What might the electrification of factories teach us about how quickly we’ll adapt to remote work? What gives American companies an edge over their competitors on the international stage? What value do management consultants really provide? Stanford professor Nick Bloom’s research studies how management practices, productivity techniques, and uncertainty shape outcomes across companies and countries.

He joined Tyler for a conversation about which areas of science are making progress, the factors that have made research more expensive, why government should invest more in R&D, how lean management transformed manufacturing, how India’s congested legal system inhibits economic development, the effects of technology on Scottish football hooliganism, why firms thrive in China, how weak legal systems incentivize nepotism, why he’s not worried about the effects of remote work on American productivity (in the short-term), the drawbacks of elite graduate programs, how his first “academic love” shapes his work today, the benefits of working with co-authors, why he prefers periodicals and podcasts to reading books, and more.

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Recorded July 13th, 2020 Other ways to connect

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