Looking for a great deal?
Get ALL THREE of our new thank-you gifts when you donate $120.
This is a limited time offer – so act soon!
We’ve tracked labor productivity in the U.S. for about 70 years. For most of that time, it’s risen steadily along with economic growth. Recessions just saw little blips — that is until the last one when productivity rose sharply.
Researchers found that productivity jumped even more sharply in areas with higher unemployment — fear of the ax seems to have motivated Americans to work their tails off.
Another factor that increases productivity is a growing rate of educational achievement. Dale Jorgenson, a professor of economics at Harvard University, says the impact of education is diminishing because the portion of the workforce with higher education is growing at a slower rate than before.
Jorgenson says it takes decades of data to figure out what normal productivity is, so it’s best to not get too caught up in those quarterly reports.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.