Schoenholtz: Seen U.S. Productivity Slowdown for 7 Years

The video discusses the slowdown in productivity growth over the past seven years, highlighting issues such as underinvestment in infrastructure and education, and the impact of foreign competition. It compares productivity trends in the US and UK, suggesting that employment growth without productivity growth is problematic. The discussion includes potential solutions like fiscal spending and policy changes, and the role of technological progress. The video also addresses the challenges in accurately measuring productivity in the modern economy.

How do the productivity growth rates of countries at the productivity frontier compare to others?

What changes are suggested to boost productivity in the future?

What is the significance of measuring productivity accurately in relation to long-term economic implications?