Fading productivity could hurt U.S. job growth

February 8, 2013

RBC economist Tom Porcelli is such a curmudgeon these days. Still, given that he was one of the few economists that accurately predicted the possibility of a negative reading on fourth quarter GDP, maybe it’s not a bad idea to listen to what he has to say.

Ambling through the archives: Don’t blame the deficit, 1983 edition

October 16, 2012

The battle over the amount and nature of government spending is the focus of the current U.S.presidential campaign and is unlikely to go away even after the November election is well in the rear view mirror.

The productively disinflationary American worker

August 9, 2012

Strong productivity may be good for an economy’s long-term growth prospects. But it’s not always great for workers in the near-run, since it literally means firms are squeezing more out of each employee. In reality, rapid productivity growth can make it harder for workers to get new jobs or bargain for raises.

The U.S. productivity farce

May 4, 2012

Economists don’t agree on much but they do tend to converge on one idea – productivity improvements are the key to long-term prosperity. Except that who benefits from productivity increases matters as much as the efficiency gains themselves, according to two reports from the liberal Economic Policy Institute in Washington.

Transforming the FIRE Economy

August 24, 2010

What went wrong and where we should go are topical post-crisis discussions and many books have been dedicated to tackle this question.