What causes productivity declines?

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2026-06-21 07:49:55 -

What Causes Productivity Declines? Productivity is one of those deceptively simple concepts that economists return to again and again. At first glance, it seems straightforward: productivity measures how much output is generated from a given amount of labor, capital, or other resources. Yet when productivity growth slows—or worse, declines—the consequences ripple through every...

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