Tag Archive: Labour inputs

Jul 27

Cheap labour solves productivity puzzle?

Merryn Somerset Webb, editor of the magazine Moneyweek, claims to have solved the productivity puzzle afflicting the UK – actually, all other developed economies are suffering in much the same way  “It’s never ever seemed like much of a puzzle to us” she says, adding: “We’ve written many times over the last decade that, if you …

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Jul 17

Opioids knock productivity

Janet Yellen, Chair of the US Federal Reserve, considers President Donald Trump’s  growth target of 3% per annum over the next five years to be “quite challenging” At present, the rate slumbers at a mere 0.5%, having been around 2% over the past decade She holds that a major factor holding down productivity growth is …

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