3 Ways To Embrace Digitization To Improve Productivity

Going back to Economics 101, productivity is the stimulus that our economy needs. When productivity increases, wages and standards of living follow suit, causing the demand for goods and services to increase along with them. In a world where technology advances on a daily basis could we really be seeing a decline in productivity? You bet.

According to a recent report by McKinsey, “Productivity growth has fluctuated over time; it has been declining since the 1960s and today stands near historical lows.” In fact, between the years of 2010-2014, the total labor productivity growth stood at a negative 0.2%, compared to a positive 3.6% in 2000-2004 – just a decade difference.

Read more at https://www.forbes.com/sites/danielnewman/2018/04/03/3-ways-to-embrace-digitization-to-improve-productivity/#42f1535f266e