Total factor productivity

Posted on Updated on

Why do you think that increases in total factor productivity are important for a country as a whole? What about for an individual in particular?

Data Source

The Bureau of Labor Statistics: To reproduce (and expand) Table 3.2: Select “nonfarm business” for sector, then “real hourly compensation” (real wages) and “Labor productivity (output per hour)” for measures, and finally “percentage change from same quarter a year ago” for duration. When done, click “get data.”

Related Article

Greenspan, Alan, “The Revolution in Information Technology”: In this speech, Greenspan points out the implications of the revolution in information technology for the U.S. economy.

Leave a Reply

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

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

Google photo

You are commenting using your Google 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 )

Connecting to %s