The productivity problem: Are we measuring the right things?
Share Now on:
The productivity report out today had some pretty dismal numbers. Nonfarm productivity was up in the fourth quarter by a 1.3 percent annual rate; average growth in 2016 fell to 0.2 percent. Productivity has now grown less than 1 percent for the past six consecutive years. What might help explain this? Are we measuring the right things in the right way? Does this figure account for social media, for example, that may be driving consumer behavior but not impacting work/labor/enterprises in a way that we can measure easily?
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?