World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
The Mystery of Declining Productivity Growth
Keywords:
Alan Blinder, a professor of economics and public affairs at Princeton University, looks at explanations for low productivity growth since 2010, and points to the most likely reason- the lack of technological progress with the kind of impact that the personal computer and other innovations had in the period 1995-2005. Facebook, Google, Amazon and Apple tech innovation has more impact on consumers than on the industrial economy and production. Lower investment since 2010 with the financial crisis could have added to this, but to a smaller degree, says Blinder. Blinder even points to some hours of work being taken up by workers using Facebook, Twitter and other similiar services. The notion strange to Silicon Valley is supported that tech progress, dynamism and entrepreneurship may have actually declined to some extent. Intel's Andy Grove, no stranger to early innovations supported this notion around 2008, saying he saw less innovation of the type he was familiar with, more refinements than breakthroughs by startups in Silicon Valley. Grove was critical of the decline in manufacturing in the U.S., which is likely to have hurt productivity growth.
Comparison of GDP and Productivity growth in Italy, Spain, Germany, Britain and France between 1993-2003
04/30/2014
Italy lags behind all major countries in Europe, Spain is catching up rapidly for GDP and productivity, and France leads in productivity per worker.
Grouped Articles
Can Italy Find Its Way? Resistance to Change Means Slow Recovery
Wall Street Journal 04/30/2014
Eurozone GDP Shows Meager Expansion
Wall Street Journal 11/15/2014
German Business Sentiment Rises Unexpectedly in November
Wall Street Journal 11/25/2014
The economy after the election: The climb to come
Economist 05/09/2015
The Mystery of Declining Productivity Growth
Wall Street Journal 05/15/2015
DW.COM 02/23/2018
Productivity gains in the U.S. 2011-2015
10/20/2011
Grouped Articles
U.S. Productivity Growth Has Taken a Dive
Wall Street Journal 02/04/2014
Sluggish Productivity Hampers Wage Gains
Wall Street Journal 03/07/2015
The New Jobs Report Shows Janet Yellen’s Quandary in a Nutshell
New York Times 03/06/2015
The Mystery of Declining Productivity Growth
Wall Street Journal 05/15/2015
New York Times 05/25/2015
Goldman Sachs and J.P. Morgan Can’t Agree Why the Economy’s Productivity Has Slumped
Wall Street Journal 06/16/2015
The puzzle of continuing U.S. job gains in 2014-2015 with tepid wage growth, low productivity, and low economic growth
03/06/2015
Weak business investment, low productivity, slack in the labor market, and more low paying jobs are some of the reasons explaining the puzzle of job gains in 2014-2015 with small wage gains.
Grouped Articles
Sluggish Productivity Hampers Wage Gains
Wall Street Journal 03/07/2015
After a Bounce, Wage Growth Slumps to 0.1%
New York Times 03/06/2015
The New Jobs Report Shows Janet Yellen’s Quandary in a Nutshell
New York Times 03/06/2015
Slowing Job Growth Tests Economy
Wall Street Journal 04/04/2015
U.S. Economic Growth Nearly Stalls Out
Wall Street Journal 04/29/2015
The Mystery of Declining Productivity Growth
Wall Street Journal 05/15/2015
Wages, benefits and productivity in U.S. manufacturing 2005-2015
01/01/2010
Grouped Articles
Does America Need Manufacturing?
New York Times 08/24/2011
Whirlpool Shifts Some Production to U.S. From Mexico
Wall Street Journal 12/20/2013
Wall Street Journal 10/02/2010
Wall Street Journal 01/06/2012
U.S. Productivity Growth Has Taken a Dive
Wall Street Journal 02/04/2014
Falling Wages at Factories Squeeze the Middle Class
New York Times 11/20/2014
Lower unemployment in the U.S. in 2015 with weak wage gains, low productivity growth and low GDP growth
03/06/2015
Productivity growth in the U.S. since 2009 is about 1.3% according to the Labor Department, with slack in the labor market not reflected in the 5.5% unemployment rate in Feb. 2015, resulting in tepid wage gains. GDP growth for the same period is an average of about 2% with businesses not increasing capital spending as they did in previous expansions.
Grouped Articles
Sluggish Productivity Hampers Wage Gains
Wall Street Journal 03/07/2015
After a Bounce, Wage Growth Slumps to 0.1%
New York Times 03/06/2015
The New Jobs Report Shows Janet Yellen’s Quandary in a Nutshell
New York Times 03/06/2015
Slowing Job Growth Tests Economy
Wall Street Journal 04/04/2015
Oil Layoffs Hit 100,000 and Counting
Wall Street Journal 04/15/2015
U.S. Economic Growth Nearly Stalls Out
Wall Street Journal 04/29/2015
Productivity growth in Britain 2009-2016
05/09/2015
Grouped Articles
The economy after the election: The climb to come
Economist 05/09/2015
The Mystery of Declining Productivity Growth
Wall Street Journal 05/15/2015
New York Times 05/25/2015
U.S. annual productivity growth rate 2011-2015
02/04/2014
Grouped Articles
U.S. Productivity Growth Has Taken a Dive
Wall Street Journal 02/04/2014
Sluggish Productivity Hampers Wage Gains
Wall Street Journal 03/07/2015
The Mystery of Declining Productivity Growth
Wall Street Journal 05/15/2015
New York Times 05/25/2015
Goldman Sachs and J.P. Morgan Can’t Agree Why the Economy’s Productivity Has Slumped
Wall Street Journal 06/16/2015
The drop in U.S. productivity from 2.9% for 1995 to 2005 to 1.3% since 2005, and 0.3% since 2010
05/15/2015
Alan Blinder, former vice chairman of the Fed discusses the alarming drop in productivity growth in the U.S. and what this means for maintaining living standards and growth in incomes. Britain is experiencing a lack of growth in productivity leading to declining real wages. China and other emerging markets are also experiencing weak productivity growth.
Grouped Articles
The Mystery of Declining Productivity Growth
Wall Street Journal 05/15/2015
New York Times 05/25/2015
Goldman Sachs and J.P. Morgan Can’t Agree Why the Economy’s Productivity Has Slumped
Wall Street Journal 06/16/2015
Washington Post 10/23/2015
A Trump Economic Boom? The Fed May Stand in the Way
The New York Times 12/13/2016
Will the Trump Era Bring Higher Interest Rates? Don’t Count On It
The New York Times 12/14/2016
The paradox of low U.S. productivity growth holding back wages in 2015-2016 (2)- Apple, Google, Facebook and low productivity improvement since 2005
07/01/2010
Linked Articles
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
The Mystery of Declining Productivity Growth
Wall Street Journal 05/15/2015
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us