Why is U.S. Productivity Growth So Weak?
Former Global Chief Economist for JPMorgan Chase & Ph.D in Economics
Why is U.S. Productivity Growth So Weak?
One may need to look no further than the trend in U.S. employment growth to answer this question.
Non-Farm productivity growth surged by 10.3% during Q2:2020 as U.S. employment growth plunged as the U.S. economy shut down to battle the Covid-19 pandemic. With fewer labor inputs, the economy enjoyed a temporary boo…
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