Long Productivity

Michael Mandel

After today's unexpected good productivity numbers, I decided to see what twenty-year productivity growth looks like. Here is the chart:

That's pretty impressive. The twenty year time period should wash out a lot of the impact of business cycles. Still, the line turns up at, ta-da!, the beginning of 1997--or the beginning of the New Economy.

    Before it's here, it's on the Bloomberg Terminal.