Productivity Now in Advanced Economies

Here again is our table of employment changes from 1960 to 2010 and 2020 in the United States. Industry Sector […]

“Goods production” in US statistics includes mining, construction, and manufacturing. Some international statistics use “industry” instead. In any case construction

Looking at agriculture, we note that the US has nearly balanced imports and exports in agricultural products, and that output

As we’ve just seen, the ongoing industrial revolution, and the concurrent agricultural revolution, have dramatically increased labor productivity in the