Labor, investment, and technology: assessing the drivers of productivity growth

A panel discussion illuminates several salient points about recent and potential production. The supply side of the economy has become “wilder,” greatly complicating central bank policy. There does appear to be some potential for the recent improvement in US productivity to be enduring, reflecting factors such as increasing educational attainment and reduced occupational segregation, increasing job mobility, and the promise of new technology, though clearly there remain major measurement issues clouding the picture.