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Productivity decline raises alarms for U S firms
AP analysis notes U S output per hour fell 2.7 percent last year and rose 1 percent in Q1. From 1966 to 1974 annual gains averaged 1.9 percent, far below trend, with capital investment and R D reduced versus peers like Japan, France, and Germany. Authors flag slowing productivity and possible permanent decline without reforms.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
United States
National Commission On
U.S
Japan
France
Germany
Italy
United Kingdom