Korea’s progress has slowed over the last 15 years and its productivity performance, while still stronger than that of the U.S. and other global leaders, is slower than it was.
Productivity
May 6, 2021
Korea’s progress has slowed over the last 15 years and its productivity performance, while still stronger than that of the U.S. and other global leaders, is slower than it was.
April 20, 2021
ITIF hosted an expert panel discussion to explore the economic, health, and social effects that may persist post-COVID.
April 12, 2021
These results point to continued productivity gains from ICT investment, but divergent productivity growth between the most productive firms and those with average levels of productivity.
April 6, 2021
Accurate statistics are critical for understanding the economy and making policy, as well as structural economic changes and economic performance.
April 5, 2021
Low profit margins keep many small businesses from investing in productivity-enhancing technology, which in turn holds down wages. To break that cycle, there should be a federal program that helps them reap economies of scale and scope by collaborating in areas such as R&D, investment, marketing, and health insurance purchases.
March 12, 2021
The sectors that have suffered the most in the pandemic are laggard sectors—laggard, that is, in moving from old-fashioned, labor-intensive and low-wage business models to innovative, capital-intensive, technology- and skilled-based ways of delivering goods and services. Upgrading these backward industries into high-wage, technology-intensive sectors must be a priority.
February 23, 2021
If the goal is to improve the working conditions and benefits of lower-wage workers, then instead of targeting the big firms that actually treat their employees better than small firms, Chairman Sanders would be best advised to focus on pursuing his goal of a $15 minimum wage.
February 19, 2021
The reality is that a higher minimum wage would boost productivity growth for the simple reason that when the price of labor is high, the return on investments in labor-saving technology is higher.
February 1, 2021
The benefits of adopting technology can compound as firms combine the separate advantages of different technologies.
January 25, 2021
The next production revolution will be a boon for a global economy that is sputtering and experiencing lagging growth and investment. This new technology wave should lead to a virtuous cycle of increased investment, higher productivity, more spending, and more investment.