“With stagnant hourly wages, the only way for working families to get ahead is by working more hours, ... certainly not the path to improving living standards that we'd expect in an economy posting strong productivity gains.” WayStrongHoursEconomyPathStandardsGainsProductivityImprovingWagesStagnantGet Ahead Author:Jared Bernstein
“Technology is probably the single biggest driver of productivity gains for the developed countries. For example, I think it's much more important than free trade.” ThinkingImportantCountryTechnologyExampleGainsTradeProductivityDriversFree TradeDeveloped Country Author:Peter Thiel
“The trajectory of this country [USA] is not positive and particularly for the disadvantaged, as we see what's happening. The gains in productivity have dropped, the gains in income for the middle class and the least advantaged have slowed, at best.” CountryClassMiddleHappeningsGainsProductivityIncomeUsaMiddle ClassTrajectoryDisadvantaged Author:Charles Koch
“I calculated the total time that humans have waited for web pages to load. It cancels out all the productivity gains of the information age. Sometimes I think the web is a big plot to keep people like me away from normal society.” PeopleThinkingHumansSometimesBigsAgeInformationInternetNormalPagesGainsProductivityLike MePlotLoadInformation AgeWeb Page Author:Scott Adams
“Most of the productivity gains appear to go to the top 1 percent. Most people don't have enough income and as a result, they borrow additional money by using their credit card and they fall into high debt. The result of the growing income gap is a slower growing GDP (too few people with money to spend) and a rising tide of indebtedness.” PeopleEnoughFallResultsGrowingPercentGainsCreditDebtProductivityIncomeCardsRisingGapsTidesCredit CardGdpIndebtedness Author:Philip Kotler
“The reality is that business and investment spending are the true leading indicators of the economy and the stock market. If you want to know where the stock market is headed, forget about consumer spending and retail sales figures. Look to business spending, price inflation, interest rates, and productivity gains.” IfsKnowsWantLooksRealityInterestForgetEconomyFiguresGainsInvestmentRateSpendingProductivityConsumersInflationInterest RateRetailIndicatorsRetail Sales Author:Mark Skousen