Productivity Growth Quotes

Stressing output is the key to improving productivity, while looking to increase activity can result in just the opposite.

I absolutely believe that we are on the cusp of not just a technological revolution, but a productivity revolution. It will bring benefits for people everywhere, make our planet more sustainable, and provide new opportunities for businesses of all kinds.

To sum up, agriculture has made important progress and our farmers have now shown that they are second to none in terms of improving production and productivity.

After the Green Revolution, I came up with the concept of the Evergreen Revolution. In this we will see increase in farm productivity but without ecological harm.

Globally, manufacturing jobs are on the decline, simply because productivity growth has outpaced growth in demand.

After a major loss of dynamism in the 1960s, productivity growth rates began dropping in most countries, falling by half in the U.S. in the 1970s and more or less ceasing altogether in France, Germany and Britain in the late 1990s.

In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.

Economic progress means the discovery and application of better ways of doing things to satisfy our wants. The piping of water to a household that previously dragged it from a well, the growing of two blades of grass where one grew before, the development of a power loom that enables one man to weave ten times as much as he could before, the use of steam power and electric power instead of horse or human power - all these things clearly represent economic progress.

The economy is the creation of the personal initiative of private citizens….Public authorities also must play an active role in promoting increased productivity with a view to social progress and the welfare of all citizens.

Britain is one of the world's most open economies. More dependent on trade than any other major country. Our success depends on our competitiveness and our competitiveness depends on raising our productivity, as our competitors are raising theirs.

Unless we increase our economy's productivity-its vitality and competitiveness-we will face pressure for increasing controls.

Money is the great tool through whose means labor and skill become universally co-operative.

Trade is not the cause for unemployment. In fact, the biggest drivers for unemployment are innovation and increased productivity. It has nothing to do with trade.

Knowledge is the source of Wealth. Applied to tasks we already know, it becomes Productivity. Applied to tasks that are new, it becomes Innovation.

The 1980s will seem like a walk in the park when compared to new global challenges, where annual productivity increases of 6% may not be enough. A combination of software, brains, and running harder will be needed to bring that percentage up to 8% or 9%.

Individual income can grow only as fast as productivity rises.

The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth.

Government can and must provide opportunity, not smother it; foster productivity; not stifle it.

If productivity grows, the economy does well.

When you think of technological revolution, you probably think of geeks in cool coastal spaces like the Google campus, or perhaps of math wizards on Wall Street. But one source of rural prosperity is the adoption of radical new technologies - and a consequent surge in productivity.

Properly targeted public investment can do much to boost economic performance, generating aggregate demand quickly, fueling productivity growth by improving human capital, encouraging technological innovation, and spurring private-sector investment by increasing returns.

I was the one that brought it in, but not only for the north-east, for every area so we can develop all the regional economies, lift up the national productivity, get greater wealth and share it more evenly.

The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses...While these tendencies were no doubt in train in the "old," pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.

The striking thing about America is - it's historically, extraordinary unusual, I don't of any other instance - is that productivity of workers and wages have not moved in tandem.

Low interest rates are usually attributed to low inflation, weak economic growth and super easy monetary policy. But there's another deep-seated factor that doesn't get much attention: demographics.