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Productivity slump tied to aging gear and outdated management
Experts say while workers are skilled and educated, U.S. productivity flags due to antiquated machinery and conservative management. Investment lags in plant equipment, coupled with slow adoption of new tech, hinder output gains, though recent capital spending shows some payoffs across energy, steel, textiles, and autos.
MENTIONED IN THIS ARTICLE
Washington
Federal
Japan
Ing
American Petroleum Institute
U.S
John Kendrick
George Washington University
Commerce Department
Kendrick