Re:Productivity Growth in the US Continues to Decline
by notfromhere on Tuesday March 20, 2018 @05:52PM
(#16633064)
Employees aren't really incentivized to stay very long at positions, especially if you're looking for income growth. Most companies will cap you at 2-3% raises that basically incentivize you to switch positions for XX% salary increases
This article assumes that productivity is accurately being measured (GDP/worker hours) and doesn't address this issue. It would be interesting to see a breakdown per industry to see where the ups and downs are. I mean, you've got companies like google that generate a lot of money per worker, and they could do even more if they didn't invest in the future and only worked on stuff they had a monopoly for (search).
Jobs have become increasingly specialized, I wonder if this affects the measurement of productivity.