The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …

of wage inequality between high-skilled and low-skilled workers, and the relatively low productivity growth experienced … technological revolution, describe why this does not necessarily result in high productivity growth and outline the best methods to … measure productivity in the new economy. This exhaustive exploration of productivity growth and wage inequality between high …