The UK’s recent productivity performance has been calamitous. True, the productivity slowdown has been a widespread phenomenon among high-income countries. But Britain’s slowdown is remarkably bad even by these standards. The question is why. Recent research sheds light on this vital economic question. Why is it vital? The answer is that if recent performance continued, the economy would no longer generate rising real incomes per head. That would change everything for the worse.
英國近年的生產率表現是災難性的。沒錯，生產率成長放緩在高收入國家是普遍現象。但即便按這些標準衡量，英國的放緩也糟糕得出奇。問題是爲什麼。近期的研究爲這一至關重要的經濟問題提供了一些啓示。它爲何至關重要？答案是，如果近年的生產率表現持續下去，英國經濟將不再能夠實現人均實際收入成長。這將讓一切變得更加糟糕。
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