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360. Measuring Labor Productivity feat. Robert J. Gordon
How do you measure the true productivity of a country’s economy? What gets missed if the only metric being examined is the GDP? Robert J. Gordon is a professor of social sciences and economics at Northwestern University. His work focuses on the history of labor and capital productivity and has written numerous books, including, The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War. Robert and Greg discuss why the GDP doesn’t give a full picture of a country’s economic growth and productivity, why the years between 1929 and 1950 saw the most rapid growth, and…
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