Given that, having no growth is great news. Uh, no. Productivity is a measure of the number of widgets you can make with X people and Y resources (the most co

Given that, having no growth is great news. Uh, no. Productivity is a measure of the number of widgets you can make with X people and Y resources (the most common measure being GDP / hours worked). If you can make the same number of widgets with X/2 people, you've doubled productivity. Increased productivity doesn't strictly mean an increase in the number of widgets the world makes or the amount of resources the world consumes (in fact, increased productivity can be a result of increased efficiency, which would mean fewer resources consumed). As the article points out, increased productivity is going to be key in those places where the demographics project a declining working population. As an aside, the lack of productivity growth isn't exactly news. I've been seeing articles about this phenomenon for at least a few years as the numbers from the 2008 recovery started to firm up. I was hoping this article would add to the conversation, but it doesn't seem to have done so...