Latest / The Productivity Podcast with Fexingo: Output, Efficiency, and Long-Term Economic Growth
The Long Shadow of the 1930s on Productivity
Why does productivity growth in advanced economies look so different today? Lucas and Luna dig into the persistent slowdown that economists have been puzzling over since the 2000s, and trace it back to a surprising reference point: the 1930s. They discuss Robert Gordon's research, the idea that today's innovations are less transformative than electricity or indoor plumbing, and whether the recent surge in remote work and AI might finally be changing the picture. Along the way, they unpack what 'total factor productivity' actually measures, why the 1970s productivity boom…
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