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The “killer application” of the new framework for productivity measurement presented in this paper is the impact of … and software has steadily enhanced the role of IT investment. Productivity growth in IT-producing industries has risen in … importance and a productivity revival is underway in the rest of the economy. The surge of IT investment in the United States …
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Proponents of minimum wage increases have argued that such hikes can serve as an engine of economic growth and assist low-skilled individuals during downturns in the business cycle. However, a review of the literature provides little empirical support for these claims. Minimum wage increases...
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