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The Times

Why productivity growth has stalled since 2005 (and isn't about to improve soon)

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Why productivity growth has stalled since 2005 (and isn't about to improve soon)Hanna-Barbera/Shutterstock

Not long ago it seemed as if the future was going to get better and better — not long ago at all.

For me the high point was around 2005, fifteen years ago.

I don’t know if you can remember how you felt at the time, but for me the surge in living standards, driven by an ever-building surge in output per working...

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