“The scientific man does not aim at an immediate result. He does not expect that his advanced ideas will be readily taken up. His work is like that of the planter – for the future. His duty is to lay ...

The Federal Reserve continues to believe that U.S. wage growth is too high and contributing to inflation, according to recent comments from Fed Chair Jerome Powell. The Employment Cost Index, the most ...

Productivity growth is the key mechanism that allows the U.S. economy to expand above its long-run trend without reigniting inflation. Recent data show U.S. nonfarm business productivity rising 4.9% ...

U.S. labor productivity initially surged in 2020 during the COVID-19 pandemic, despite the massive economic upheaval. As the economy recovered, the level of productivity retreated to its slow ...

The government will release several economic reports this week, covering jobs, inflation, consumer spending, and economic growth. And next week, we’re going to get another piece of data that affects ...

Few doubt that productivity growth is good for society. It generally translates into higher wages, a consumer surplus (prices below what you are willing to pay), larger profits, and greater ...

Understanding productivity growth more fully is crucial because it plays such an outsize role in economic growth “Productivity isn’t everything,” Paul Krugman wrote in his 1990 book, The Age of ...

In this article, we will be analyzing the global productivity outlook while covering the 20 countries by productivity growth in 2023. If you wish to skip our detailed analysis, you can move directly ...

We sometimes refer to productivity as “the most important macroeconomic data point that nobody pays attention to”. In the long run, our economic prosperity depends on growth, and in our ...

Several recent developments have raised concerns about a productivity slowdown in the U.S. that could slow economic growth and boost inflation. For example, after soaring at the astounding rate of ...

The relationship between real incomes and productivity has become a source of controversy in recent years. Most economists argue that Canada needs to raise its rate of productivity growth or continue ...