QUARTZ: The UK has officially resigned itself to dismal productivity growth

Press / Media: Expert comment

Release date: 22/11/2017

Description

Others argue that productivity isn’t being counted properly. Productivity is measured by dividing national income by hours worked, or the number of workers. Diane Coyle, an economist at the University of Manchester who is working on efforts to reconsider how GDP is measured, says statistics have always been bad at measuring human gains from innovation and technological advancements.

Media contributions

TitleThe UK has officially resigned itself to dismal productivity growth
Media name / outletQuartz
Media typeWeb
CountryUnited Kingdom
Date22/11/17
DescriptionOthers argue that productivity isn’t being counted properly. Productivity is measured by dividing national income by hours worked, or the number of workers. Diane Coyle, an economist at the University of Manchester who is working on efforts to reconsider how GDP is measured, says statistics have always been bad at measuring human gains from innovation and technological advancements.
URLhttps://qz.com/1136047/uk-autumn-budget-2017-britain-has-officially-resigned-itself-to-dismal-productivity-growth/
PersonsDiane Coyle

Keywords

  • budget, economics, GDP