The rate of productivity growth and the development, or what I call new ideas, has been slowly declining. The amount we're spending on science, R&D professionals, and money by firms by the government has actually been rising. So it looks like it's getting harder and harder to come up with new ideas. But given there's only been two changes over the last 200 years in rate of progress, I think it's reasonably safe to say. We're making steady, slow, reasonable productivity growth. It's not zero, but it's certainly harder.
In this episode, co-host Michael Chui talks with Nicholas Bloom. Bloom is the William Eberle Professor of Economics at Stanford University and a senior fellow at the Stanford Institute for Economic Policy Research. He covers topics including the following:
- The history of remote work
- How remote work can enhance productivity
- What practices make hybrid work most effective
- How the views of employers and employees compare on working remotely
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