Behind The Markets Podcast: Robert J. Gordon & Joel Mokyr
Behind the Markets Podcast
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Why Productivity Growth Has Slowed Down So Much
Total real g d p grew only at one point three % since two thousand and six. A part of that is babyboom. People are retiring and slowing down the growth in the labor force as they move out of the labor force. In much of the economy, education, health care, retail, trade, much of office work, we are basically operating t the same methods that we did ten years ago. That's the fundamental underpinning of why productivity growth has slowed down so much.
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