The Productivity Paradox: How America's Efficiency Miracle Affects Workers The United States has experienced a remarkable surge in productivity over the past few decades.
Labor productivity growth averaged around 2% per annum from 2000 to 2020, outpacing other developed economies, according to data from the Bureau of Labor Statistics.
This sustained increase in output per hour worked is attributed to technological advancements, investments in human capital, and shifting business models that optimize resource allocation.