Productivity Just Went Down. Blame Weather—and 'Capital'

An employee examines each individual piece of leather for Rebecca Minkoff handbags at the Baikal manufacturing facility in New York, U.S., on Thursday, April 17, 2014 Photograph by Atisha Paulson/Bloomberg

American workers produced less per hour on the job in the first quarter of 2014, continuing a trend of subpar productivity growth. One big reason for the long-term trend: Workers don’t have the machines and software—i.e., capital—that they need to be fully productive.

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