A stuck economy? A Q&A with Bret Swanson on the future of productivity

The US economy seems stuck at around 2% GDP growth, much less than the 3.5% it averaged between World War II and the Great Recession. One reason is that productivity growth — that is, output per worker — is barely rising. Why is the American economy apparently not as productive as it used to be? Are we, despite our tech giants such as Apple and Google, somehow less innovative than we used to be? If so, then why are we also concerned about robots taking our jobs? To help us answer those questions and others, I spoke with Bret Swanson, an AEI visiting fellow and president of Entropy Economics, a strategic research firm specializing in technology, innovation, and the global economy. You can listen to our conversation at Ricochet, or read an abbreviated version of this lightly-edited transcript here.

 
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A stuck economy? A Q&A with Bret Swanson on the future of productivity

 
Πηγή: TechPolicyDaily.com