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How a Less-Skilled American Workforce May Be Holding Back Growth

March 1, 2016 /

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Theories abound as to why U.S. productivity growth has stalled. Economists attribute it to everything from a slowdown in business investment to inadequate measurement techniques that fail to capture efficiency gains from new technologies.

A recent research note from J.P. Morgan Chase offers another theory: It’s at least partly because the American workforce as a whole is simply less skilled than it used to be.

By Anna Louie Sussman

Full Story: http://blogs.wsj.com/economics/2016/02/29/how-a-less-skilled-american-workforce-may-be-holding-back-growth/

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