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13 results for “productivity paradox”
Concept5 mentions across episodes
productivity
...productivity to a certain extent, like, if I only have to work four hours a day versus eight hours a day, like, that's great for me. Mhmm. Like, I kinda feel like it's a win because I I often think about, like, the principal agent problem. Right? So,
13:24 / 15:29
from transcript13:24 – 15:29
...productivity growth trend. There are a few smart people like us, Mogul and Johnson who say no, but most of us think that there will be an increase of some sort. Now I don't have to go all the way to McKinsey Global Institute and believe, you know, it
49:23 / 50:31
from transcript49:23 – 50:31
...productivity research has ever existed so far, which is we take the normal productivity survey market research that people have done for fifty years. Not ideal, but it is the gold standard. It's McKinsey. It's Towers, Watson, and Accenture. And we la
13:24 / 14:30
from transcript13:24 – 14:30
...productivity growth in the West basically for the first half of the twentieth century. So from the, basically, you know, what was called the second industrial revolution, which started around 1880, 1890
17:58 / 19:05
from transcript17:58 – 19:05
...productivity growth not just went down for a while, but kept going down. And so now we've had a dozen years of very low productivity growth in The UK. And at some point, that catches up with you. And I think that's the way to look at it is you throw
56:06 / 57:16
from transcript56:06 – 57:16
“Why 50 years of tech revolution didn't boost productivity like we think”
...productivity downshifted hard, from prior eras. And productivity growth, basically, for the last fifty fifty five, sixty years has been at basically historical lows. It's it's been very low, which is,
2:24 / 3:04
contrarian take2:24 – 3:04
...productivity, that's also the good. And, you know, we still have just as many, jobs because we want 10 times more software. I don't know how long that lasts. Again, the ratios start to get challenging at some point. But, yeah, I think the bottle you
32:59 / 34:00
from transcript32:59 – 34:00
...about productivity, you're talking about labor productivity. So hours, total hours worked actually have been declining for several years. In fact, they're a percent or two lower than they were in 2019. In fact, in this morning's labor report, costs w
36:05 / 37:08
from transcript36:05 – 37:08
productivity gains, broad based productivity gains. I think the biggest issue around trying to forecast productivity gains is that with any new technology that comes along, it turns out to be really, really hard to forecast what the impact that has o
42:44 / 43:51
from transcript42:44 – 43:51
...productivity is amazing in the long term, because you can't disagree to that, something bad is happening in the short term. And then the onus is on you to say what that is. What is it? What's so bad about
36:33 / 37:46
from transcript36:33 – 37:46
...productivity growth disappears, real wage growth stops because in the end, the real wages are incredibly highly correlated, not perfectly, with the rate of growth of productivity in the economy. The same is true for The US. If you look at long period
37:28 / 38:34
from transcript37:28 – 38:34
...paradox. Yes. And I'm gonna actually use my chat GPT to study a little bit more over the next week or so. But it is the concept that,
50:51 / 52:07
from transcript50:51 – 52:07
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