The US economy is currently in a low labor productivity regime, averaging just 0.6% growth since 2011 and productivity is not going to improve anytime soon, that’s according to Joseph Song US Economist at Bank of America. Labor Productivity Growth: Underpressure Opioid Epidemic Is Taking A Massive Economic Toll On .. The Coming Financial Disruption US Labor Market At Full Employment? David Rosenberg … Today, there are multiple factors affecting labor quality. On the one hand, the share of the prime-age workers is declining as Baby-Boomers begin to retire. On the other hand, a greater share of workers are obtaining college…
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