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The population is growing[0] but the total productivity is stagnant[1], something is amiss. [0] As per U.S. census bureau, population growth rate for years 201
by TrainedMonkey 10y ago
The population is growing[0] but the total productivity is stagnant[1], something is amiss.
[0] As per U.S. census bureau, population growth rate for years 2014 and 2015 is higher than 0.7% http://www.multpl.com/us-population-growth-rate/table/by-year http://www.multpl.com/us-population-growth-rate/table/by-yea...
[1] As per article, total productivity growth rate for years 2014 and 2015 is 0.1%
[edit] formatting
- pm90 10y agoProductivity is output/person. If the overall output is increasing, then productivity would remain somewhat near ~0 as population increases.