What have you always wondered about the economy? Tell Us

Explaining America’s productivity downturn

Kai Ryssdal May 2, 2016
HTML EMBED:
COPY
A Dodge Viper goes through assembly at thein Detroit. The plant makes three Vipers per day. Bill Pugliano/Getty Images

Explaining America’s productivity downturn

Kai Ryssdal May 2, 2016
A Dodge Viper goes through assembly at thein Detroit. The plant makes three Vipers per day. Bill Pugliano/Getty Images
HTML EMBED:
COPY

What happens when productivity hits a wall? Well growth slows for one. And we saw that with the gross domestic product numbers that came out just last week

GDP growth slowed to 0.5 percent and at least some of that has to do with a similar slowdown in productivity growth.

Neil Irwin is a senior economics correspondent at the New York Times, and he wrote a piece looking at what might be going on with America’s declining productivity. Irwin spoke with Kai Ryssdal.

News and information you need, from a source you trust.

In a world where it’s easier to find disinformation than real information, trustworthy journalism is critical to our democracy and our everyday lives. And you rely on Marketplace to be that objective, credible source, each and every day.

This vital work isn’t possible without you. Marketplace is sustained by our community of Investors—listeners, readers, and donors like you who believe that a free press is essential – and worth supporting.

Stand up for independent news—become a Marketplace Investor today with a donation in any amount.