A recent working paper found that manufacturing firms, a 1 percent increase in techies’ share of wages was associated with a 4 percent increase in TFP in the next year.

Fact of the Week: A 1 Percent Increase in STEM Technicians Raises Manufacturing Firms’ Productivity by 4 Percent

Fact of the Week: A 1 Percent Increase in STEM Technicians Raises Manufacturing Firms' Productivity by 4 Percent

If policymakers fail to prioritize investments into STEM-oriented human capital alongside investments in ICT, then productivity growth will stagnate and countries won’t receive the full economic benefits that ICT has to offer.

Fact of the Week: A 10-Point Increase in a Firm’s Share of High-Skilled Workers Correlates With a 2% Productivity Increase for Knowledge-Intensive Services and a 7% Increase for Other Services

Emerging technologies promise to bring about a new production revolution that will increase welfare throughout society, but it is expected to have the largest impact on low-productivity jobs. This could increase the proportion of high-paying and high-productivity jobs, but it also threatens a larger disruption to society, as lower-skill workers have more difficulties changing industries.

Fact of the Week: 72 Percent of Jobs Created in the U.S. from 2010 to 2016 Were Below Average in Both Compensation and Productivity

A November 2023 working paper found that firms that adopted Industry 4.0 technologies experienced, on average, a 3.7 percentage point increase in labor productivity.

Fact of the Week: Adoption of “Industry 4.0” Technologies Increased Italian Firms’ Productivity by 3.7 Percentage Points

Fact of the Week: Adoption of "Industry 4.0" Technologies Increased Italian Firms' Productivity by 3.7 Percentage Points

New economic research show that from 1997 to 2013, productivity dispersion has widened across tech start-ups, writes John Wu in Innovation Files.

Fact of the Week: The Productivity Gap Among Tech Start-Ups Widened 12 Percent From 1997 to 2013

With proposals to ban everything from private cafeterias to electric scooters, cities like San Francisco have been lashing out at tech workers, because the popular perception has been that they drive up prices of everything, especially housing, for everyone else around them. But to the extent that these cost-of-living increases are real and intrinsic to the tech sector, they are more than outweighed by the improved wages the tech industry generates.

Fact of the Week: A 10 Percent Increase in Tech Employment Increases a City’s Wages for Other Jobs

Fact of the Week: A 10 Percent Increase in Tech Employment Increases a City's Wages for Other Jobs

Businesses in the European Union lag U.S. businesses not just in the amount they invest in R&D, but also in their capabilities to transform these investments into productivity gains, writes John Wu in Innovation Files.

Fact of the Week: U.S. High-Tech Firms Gain Two-And-A-Half Times More Productivity Than European High-Tech Firms From The Same Level Of R&D Investment

When EU firms adopted various recent technologies such as e-commerce platforms from 2002 to 2008, employment did not decrease on average, writes John Wu in Innovation Files.

Fact of the Week: European Firms That Adopted Information Technologies Such as E-Commerce Platforms and Enterprise Resource Planning Systems From 2002 to 2008 Did Not Decrease Employment

A discussion paper suggests that ICT sectors have a positive association with a country’s productivity.

Fact of the Week: Engineers and Other Technical Workers Raise Firm-Level Productivity by 4 to 5 Percent

Related

Fact of the Week: A 1 Percent Increase in STEM Technicians Raises Manufacturing Firms’ Productivity by 4 Percent

Fact of the Week: A 10-Point Increase in a Firm’s Share of High-Skilled Workers Correlates With a 2% Productivity Increase for Knowledge-Intensive Services and a 7% Increase for Other Services

Fact of the Week: 72 Percent of Jobs Created in the U.S. from 2010 to 2016 Were Below Average in Both Compensation and Productivity