The most important measure of long-term Economic Growth is the rate at which we increase productivity, because that is what drives long-term wage growth, writes Gregory Tassey in the Christian Science Monitor. Yet by this metric, the prospects for resurgent growth in the U.S. economy are bleak. Even worse is the fact that prospects for addressing our national productivity problem also are bleak, and they will remain so as long as politicians of both political parties are largely uninformed about or uncommitted to productivity-oriented economic growth strategies. What the country most needs is to adopt a new, technology-driven growth strategy that supports investments in four major categories of assets that drive productivity growth: technological innovation, new equipment and machinery, labor skills, and infrastructure.
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