Tag
We’re making and doing more stuff in fewer hours.
Real wages also grew. To some extent, productivity growth offsets the inflationary effect of pay gains.
And they can achieve that through better collaboration with companies big and small in their industries.
Rising productivity makes possible rising living standards over time.
Along with the obvious human case for looking out for employees, climate change poses a serious threat to productivity and retention.
That’s a good thing for the economy and for business — and could be a good thing for workers themselves.
The Labor Department says worker output is up while average hours worked is down. That could help bring down inflation going forward.
Workplace AI is coming, and one study of a Fortune 500 company found it can be a productivity boon.
What matters here is how the Labor Department defines productivity.
Higher productivity could drive up wages, temper inflation and aid the energy transition, the McKinsey Global Institute finds.
