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Tag Archives: productivity

What really causes falling productivity growth — an energy-based explanation

Posted on September 20, 2016 by Gail Tverberg

What really causes falling productivity growth? The answer seems to be very much energy-related. Human labor by itself does not cause productivity growth. It is human labor, leveraged by various tools, that leads to productivity growth. These tools are made … Continue reading →

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Posted in Financial Implications | Tagged diminishing returns, energy consumption, falling profitability, oil price, productivity, productivity growth | 2,051 Comments
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