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Productivity growth has been declining since the 1960s and now stands at historic lows. An analysis of productivity growth in industries between 2000-2004 and 2010-2014 found a pattern of low productivity, job-rich recovery with too few accelerating sectors. Slow productivity growth was accompanied by a decline in capital intensity growth and declining total factor productivity growth in some countries. Three waves are identified as contributing to the decline in productivity growth: 1) The waning impact of

Author

JamesMinion

Language

EN