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...Just as the productivity slowdown was associated with a slower growth of real per capita income, the productivity resurgence since the mid-1990s has been accompanied by a pickup in real income growth. One measure of average living standards, real consumption per capita, is nearly 35 percent higher today than in 1995. In addition, the flood of innovation that helped spur the productivity resurgence has created many new job opportunities, and more than a few fortunes. But changing technology has also reduced job opportunities for some others--bank tellers and assembly-line workers, for example. And that is the crux...
...2008b). "Table 1.7: Energy Consumption per Real Dollar of Gross Domestic Product," Monthly Energy Review...
...roughly 17,000 Btu of energy were required, on average, to produce a dollar's worth of output, with output being measured in chained (2000) dollars. In 2007 the corresponding figure was 8,800 Btu (see Table 1.7, "Energy Consumption per Real Dollar of Gross Domestic Product," in Energy Information Administration, 2008b...
...Output per hour worked reflects data from the Bureau of Labor Statistics for the private nonfarm business sector...
...This year, 45 courses were approved out of approximately 60 proposals, according to Harris. By 2010, the program should triple in size, offering at least eight classes per semester in each category...