Pros and Cons for Productivity Growth

Pros and Cons for Productivity Growth

Introduction

This assignment reviews the two articles published in International Productivity Monitor, number 25, spring 2013. One article follows the optimistic approach towards the future standard of living and productivity of US while other follows the pessimistic approach towards the same issue.

The Optimistic Approach

The optimistic approach is taken by the authors Martin Neil Baily, James Manyika and Shalabh Gupta. The authors suggest that the current work related to the productivity and growth of US economy depicts pessimism in terms of future prospects. However, the innovation can be linked positively to ...