Measurement issues cannot explain the productivity slowdown

Fathom Consulting // Insights // Measurement issues cannot explain the productivity slowdown

In this note we look at how changes in technology might affect measurement of the economy. It has always been a challenge for National Statistical Institutes (NSIs) to accurately reflect the value of new goods and services, and that remains the case today. Recent technological changes may have created new measurement issues, but we do not think that this explains the slowdown in labour productivity growth over the last decade or so. Not only was the economy almost certainly mismeasured...

Measurement issues cannot explain the productivity slowdown