More Stuff, Lower Prices, So GDP Is Down: Productivity Is Better Than We Measure


Slow productivity growth is part of the recent subpar growth rates of the US. But measurement problems are fooling us: People are better off than the statistics indicate. Official statistics are based on price times quantity calculations, which don’t work well with very cheap or free goods.March 18, 2018 at 03:06PM

via Forbes Real Time http://ift.tt/2HI8UfL