The Productivity Paradox (Vox)

Growth chart

Vox discusses the ostensible contradictions in America’s simultaneous rapid innovation and slow economic growth. The “productivity paradox” suggests technological growth may inhibit economic growth, as manufacturing productivity has improved.

Globally, the economic significance of manufacturing has been declining, with more income devoted to personal services. As a result, fewer manufacturers produce far more goods, and human labor is seen as luxury. Read more.

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