The argument that high productivity growth causes low job growth is mistaken; higher productivity is a benefit that, over any reasonable time period, increases the demand for and ability to hire workers because more productive workers can command higher wages, even though productivity predictably spurts during recoveries.

causalpending

Speaker

John Taylor

Evidence Quote

no I really it's an old argument people say that you have high productivity means lower job growth I don't see that it seems to me high productivity is is a benefit

Source

John Taylor on the State of the Economy 07/19/2010EconTalk
Created: 6/15/2026, 9:17:28 AM

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