Why Looking Outside Your Window May Not Explain Our Sluggish U.S. Productivity Growth
Former JPMorgan Chase Global Chief Economist & Ph.D. in Economics
Over the past year, we have observed a collapse in yearly non-farm business productivity growth. While many analysts offer univariate explanations for the decline, most have been unable to explain the shortfall. This mystery remains unresolved because multiple factors contributed to the weakness in U.S. productivity growth.
This is reminiscent of a
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