Goldman – Govt Stats Are Missing ““Creative Destruction”; Start Of”Third Wave” Of Adjustments

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Rupert Hargreaves
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One of the economic mysteries of the past five years or so has been the lack of labor productivity growth despite the return of economic growth in developed markets. In the US, labor productivity growth has averaged 0.6% per annum for the past five years, which is significantly below its long term average of 1.5%. However, as Goldman Sachs’ analysts argue in a new research note published at the end of last week, poor labor productivity growth may be a direct result of productivity mismeasurement, which has arguably increased over time. The bank’s economics analysts argue that the potential for…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk