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Nicholas Bloom on Management, Productivity, and Scientific Progress
Conversations with Tyler
Productivity Growth - Is It Slowing?
productivity growth piques in the nineteen fifties at something like 3 to 4 per cent a year, and has been fooling ever since. The one thing that's been offsetting that fall in the rate of progress is we've put more, more resources into it. But post worb bor two, most large american companies have been pushing huge amounts of cash into r and e. Despite all that increase in input ly, productivity growth has been slowing of the last fifty years. So that's the sense o which is hard and harder to find ideas for putting more inputs into labs....
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