Productivity: It Just Keeps Going
Is the growth in U.S. productivity, already strong by the standards of recent decades, accelerating? Recent figures suggest it might be, and the implications are vast: Living standards could rise faster, profits may increase further, economic growth might be higher, the budget surplus might grow bigger, and Federal Reserve monetary policy--over the long run--could be easier.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.