productivity miracle or workhouse?

Doug Henwood dhenwood at panix.com
Mon Feb 14 12:59:35 PST 2000


Seth Ackerman wrote:


>What do you make of Robert J. Gordon's analysis of the productivity
>stats? He finds that all of the recent increase in prod. growth comes from
>the computer manufacturing sector--which makes up only 1% of the economy.
>The other 99% of the economy has had SLOWER productivity growth in 1996-99
>than in any other period since WWII.

It's persuasive, but then I'm biased. I've just emailed Gordon to see if he's changed his mind because of the latest, rather high, numbers.

Doug



More information about the lbo-talk mailing list