Understanding Productivity Growth A Deeper Dive

Productivity growth is the fundamental key to improving standards of living. The drivers of #productivity #growth are labor productivity (output per hours worked), multifactor productivity (that which cannot be accounted for by changes in inputs) and capital deepening (capital to labor ratio). Over the last 15+ years, #developed #markets have seen abnormally low rates of productivity growth. This is largely true across #industries too. Where we do see industries bucking the trend, the divergences only seem to be growing. #economy #labormarket #capitalmarkets #cfainstitute #caia #frm

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