"Through their influence on the cross-sectional distribution of productivity across firms and workers, job creation and … destruction likely have an impact on the rate at which aggregate productivity changes over time. However, the nature of this … effect is not, a priori, clear. While a broad consensus has emerged suggesting that job destruction enhances productivity by …

"The acceleration of productivity growth during the latter half of the 1990s was both the defining economic event of … between incoming aggregate data, which initially suggested little productivity gain, and anecdotal firm-level evidence which … Chairman, argued that revolutionary increases in productivity were occurring and the Committee should not prematurely forgo …