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"But the economy is growing, productivity is high, trade is up, people are working.
ICE stated: "Moving towards a more digitalised economy will enable maximum capacity to be extracted out of existing infrastructure networks, therefore acting as an enabler of growing productivity.
Under intense pressure, the NHS is beset with contradictory signals – record funding and record deficits, growing staff numbers and increasing vacancies, growing productivity and falling performance scores.
Alas, all the facts are irrelevant to that thesis; for they amount to no more than the demonstration that there are many industries in which growing productivity and the entry of new producers has led to a loss of traditional jobs--that is, that hot-dog production is up, but hot-dog employment is down.
The paradox of falling ROA alongside growing productivity is explained at least in part by the rising total compensation of knowledge workers and other talented employees, and by consumers' growing power over vendors that end up "competing away" their cost savings.
Growing productivity also helps stock prices keep ahead of inflation.
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If corporations continue to purchase their own stock at this rate, income disparities will continue to grow, productivity will suffer, the long-term strength of companies will diminish — and the American worker will fall further behind.
You grow your population and you grow productivity.
As the size of the teams grew, productivity declined.
We're finally starting to see that capital investment come through, which should grow productivity in the U.S. Now, U.S. productivity growth is still languishing around 60-year lows, but it's just started to stabilize.
More fundamentally, Friedman contradicts the first principle of economics, that being that economies grow through productivity when productivity is shared with the working class.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com