A Data-Driven Case for Productivity Optimism

Brian Albrecht August 22, 2024

Noahpinion View Original Source

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Wall Street gets worked up over each jobs report or move by the Federal Reserve, but Main Street’s prosperity hinges on a less flashy metric: productivity growth. For nearly two decades, America’s economic engine has been sputtering, with labor-productivity growth crawling at just 1% annually, down from the more than 2% growth in the late 1990s and early 2000s. This decline has cost the average American household around $10,000 per year in income.

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