Productivity Slowdown

Paul Krugman on the slowdown in labor productivity in advanced economies:

“Another possibility is that new technologies are more fun than fundamental. Peter Thiel, one of the founders of PayPal, famously remarked that we wanted flying cars but got 140 characters instead. And he’s not alone in suggesting that information technology that excites the Twittering classes may not be a big deal for the economy as a whole.”

http://www.nytimes.com/2015/05/25/opinion/paul-krugman-the-big-meh.html

FT also has a report on the topic:

http://www.ft.com/cms/s/2/cc8e68bc-ffc1-11e4-8c46-00144feabdc0.html