Does the Conventional Wisdom About Productivity Need to be Reconsidered?

Commentary

Does the Conventional Wisdom About Productivity Need to be Reconsidered?

January 21, 2018

Abstract

Conventional wisdom holds that U.S. productivity growth, the weakest it has been in more than a quarter-century, is the reason for today’s subpar GDP growth and low wages. But is the conventional wisdom correct? Rudolph G. Penner comments in this article which was originally published by International Economy, Fall 2017.

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