This chart shows that the pace of U.S. technology progress has dropped by one-third since 1982. Why? U.S. CEOs reduce R&D, harming productivity, and use the savings to spike profits over the next quarter or year to reap stock options. They sell the future short.
“Multifactor productivity (technology progress) growth rate” (Chart)
Nov 11, 2013 | Productivity, Savings | 0 comments