worker productivity Archives

What 18th century music can teach us about the 21st century economy

by Maria Hollenhorst

Dec 27, 2024

An economic concept known as the Baumol effect helps explain wage increases in industries immune to technological change.

Sheet music for Handel’s Messiah, which was written in the 1740s. It takes musicians today the same skill and time to play this piece as when it was written — productivity has not changed.

Finnbarr Webster/Getty Images

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What can Ireland teach us about worker productivity?

by Leanna Byrne

Dec 26, 2023

Ireland has been ranked the world's most productive country. In part, that was achieved by attracting foreign tech and pharma companies.

People walk near Google's offices in Dublin. The pricey products generated by tech companies in Ireland partially account for the country's worker productivity performance.

Paul Faith/AFP via Getty Images

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For the first time in a year, worker productivity is up

by Mitchell Hartman

Aug 10, 2023

That's a good thing for the economy and for business — and could be a good thing for workers themselves.

Increased productivity often comes from the introduction of new technology, like supermarket self checkouts.

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Workers are being more productive, a good sign for low-inflation growth

by Justin Ho

Aug 3, 2023

The Labor Department says worker output is up while average hours worked is down. That could help bring down inflation going forward.

Worker output climbed in the second quarter as economic growth picked up.

Johannes Eisele/AFP via Getty Images

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In U.K. 4-day work week trial, companies see happier employees — and higher productivity

by Stephen Beard

Dec 19, 2022

70 U.K. companies have just completed a 6-month experiment with a shorter week with full pay – and early results are promising.

While some companies that partook in the U.K.'s 4-day work week experiment saw benefits, labor experts are skeptical that it could be replicated at all businesses. Above, London commuters in December 2021.

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