Hello, Welcome to Known Unknowns, a newsletter about how the more the economy changes, the more it stays the same. Productivity A few weeks ago, I listened to an interesting podcast with Nick Bloom, an economist who specializes in productivity. There is a puzzle: We have so much new innovation—our lives and much of our work practices are so different that they were 25 or 30 years ago—and yet productivity has not increased. How can that be? Some have argued that all this new innovation is not so meaningful in terms of output, or perhaps that all of the low-hanging fruit has already been picked.
Known Unknowns
Known Unknowns
Hello, Welcome to Known Unknowns, a newsletter about how the more the economy changes, the more it stays the same. Productivity A few weeks ago, I listened to an interesting podcast with Nick Bloom, an economist who specializes in productivity. There is a puzzle: We have so much new innovation—our lives and much of our work practices are so different that they were 25 or 30 years ago—and yet productivity has not increased. How can that be? Some have argued that all this new innovation is not so meaningful in terms of output, or perhaps that all of the low-hanging fruit has already been picked.