3min chapter

The McKinsey Podcast cover image

A peek at the future health and wealth of our global economy

The McKinsey Podcast

CHAPTER

The Importance of Technology for Productivity

productivity growth has decelerated for the past decades in the Western world. The report says that accelerating productivity is elusive in advanced economies. I believe there is this possibility of productivity acceleration in the future, because we are now digital and we can now automate. What happens is when something goes down, something else comes up; new thing might be less productive than old.

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