A 2014 Federal Reserve Bank of San Francisco economic letter noted, the sluggish output growth since 2007 reflects poor productivity trends that predate the recession. (italics in original). That is, productivity growth in the U.S. has been sluggish for a long time -- and no one knows why. A neo-Austrian explanation. There is a very different explanation of what ails the U.S. and other advanced economies.
http://www.huffingtonpost.com/davidadler/a-new-explanation-of-america_b_7925022.html
productivity. 1. The quality or state of being fertile: fecundity, fertility, fruitfulness, productiveness, prolificacy, prolificness, richness.
http://www.thefreedictionary.com/Low+productivity
[ˌprɒdʌkˈtɪvɪti] n → productivite productivité f productivity agreement (N) → british accord m de productivite productivité productivity → bonus n prime f a à la productivite → productivité product line n ligne f de → produits product placement n. placement m de produit
http://www.thefreedictionary.com/Low+productivity
productivity - (economics) the ratio of the quantity and quality of units produced to the labor per unit of time. economic science, economics, political economy-the branch of social science that deals with the production and distribution and consumption of goods and services and their management.
http://www.thefreedictionary.com/Low+productivity
There is no obvious mechanism that explains why a surge in credit should lead to misinvestment in low productivity sectors. But here is one possible avenue in the U.S.: real estate. The boom in the U.S., in the years before the crisis, from the late 1990s onwards, was essentially a housing boom.
http://www.huffingtonpost.com/davidadler/a-new-explanation-of-america_b_7925022.html
Steve Goldstein. D.C. bureau chief. WASHINGTON (MarketWatch) — It’s tough to read much in the latest quarterly swings in productivity data, but taken over the last four years, they paint a fairly dismal picture of the potential for growth from the U.S. economy.
http://www.marketwatch.com/story/sobering-view-on-us-growth-in-latest-productivity-data-2015-02-05
That is, the U.S. and other afflicted countries are trapped because traditional monetary policy can no longer bring the economy back to vibrancy. Summers' analysis is largely a story of inadequate demand, and an excess of savings over investment.
http://www.huffingtonpost.com/davidadler/a-new-explanation-of-america_b_7925022.html
The quality of being productive. 2. Economics The rate at which goods or services are produced especially output per unit of labor. 3. Ecology The rate at which photosynthesizing or chemosynthesizing producers form organic substances that can be used as food by consumers.
http://www.thefreedictionary.com/Low+productivity
Once the boom was over, the economy was left high and dry. Even though the U.S. is no longer in a real estate boom, the damage has been done -- and continues with the U.S. hamstrung by high household debt and ongoing credit misallocation to low productivity sectors.
http://www.huffingtonpost.com/davidadler/a-new-explanation-of-america_b_7925022.html
1. productivity-the quality of being productive or having the power to produce. productiveness. fruitfulness, fecundity-the quality of something that causes or assists healthy growth.
http://www.thefreedictionary.com/Low+productivity
what is u.s. productivity so low?
Once the boom was over, the economy was left high and dry. Even though the U.S. is no longer in a real estate boom, the damage has been done and continues with the U.S. hamstrung by high household debt and ongoing credit misallocation to low productivity sectors.