A Closer Look

US – The productivity miracle is over Robert Gordon says

In his magisterial new book, The Rise and Fall of American Growth, the Northwestern University professor [Economist Robert Gordon]  lays out the case that the productivity miracle underlying the American way of life was largely a one-time deal. It was driven by a flurry of technologies—electric lights, telephones, automobiles, indoor plumbing—that fundamentally transformed millions of American lives within a matter of decades.

By comparison, Gordon argues, today’s technological advancements—Uber, Facebook, Amazon.com—will touch the productivity of the American economy lightly—if at all. And a combination of demographic factors, such as the aging of the US population, and sociological problems such as growing inequality and educational performance that’s worsened in comparison to many other rich nations, will stymie economic growth for the foreseeable future.

Chosen excerpts by Job Market Monitor. Read the whole story at  After 150 years, the American productivity miracle is over – Quartz

Advertisements

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter

Categories

Archives

%d bloggers like this: