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The dismal decade of 2010-19 recorded the slowest productivity growth of any decade in U.S. history, only 1.1 percent per year in the business sector. Yet the pandemic appears to have created a resurgence in productivity growth with a 4.1 percent rate achieved in the four quarters of 2020. This...
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. Europe has neither greater nominal wage flexibility nor more rigid real wages than the U. S. Evidence that the U. S. exhibits … nominal wage flexibility as Europe, and similar "output sacrifice ratios" as well. These results undermine the case frequently … uptrend in previously developed wage gap indexes for Japan and Europe between the 1960s and 1980s. If anything real wages in …
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. Europe has neither greater nominal wage flexibility nor more rigid real wages than the U. S. Evidence that the U. S. exhibits … nominal wage flexibility as Europe, and similar "output sacrifice ratios" as well. These results undermine the case frequently … uptrend in previously developed wage gap indexes for Japan and Europe between the 1960s and 1980s. If anything real wages in …
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