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US productivity growth has been slowing, though productivity itself is still more or less increasing and has roughly doubled from 1989. That's remarkable given
by vm 10y ago
US productivity growth has been slowing, though productivity itself is still more or less increasing and has roughly doubled from 1989. That's remarkable given the scale of the US economy.
See the "Max" timeline view here to see US productivity over time:
http://www.tradingeconomics.com/united-states/productivity http://www.tradingeconomics.com/united-states/productivity
- lvs 10y agoYes, I'm sorry, you're correct. Growth in productivity is slowing, concomitant with the "IT revolution." The argument still stands that Gates's claim that the IT sector can be viewed as a driver of productivity is unsupported.