Word: slowdown
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...rate of investment in new capital equipment, the "greening" of the labor force, government regulation, the rise in energy prices, and inflation. Clearly investment in physical capital which declined sharply in the late 1970s is a major factor explaining about a quarter to a third of the recent slowdown in the growth of labor productivity. This explanation alone is not sufficient, for in 1965-1973 there was rapid growth in physical stock without discernable positive effect on labor productivity. The effects of government regulation are difficult to assess from a macro-economic perspective, but they have clearly contributed...
While the causes of the slowdown in productivity growth in recent years may be shrouded in uncertainty, there is no disagreement among economists that there has been a significant and far-reaching slowdown in the growth of productivity since...
After 1973 the stagnation of the capital-labor ratio which slows down the changes in methods of production is the largest single cause of the productivity slowdown. If the capital-labor ratio can be made to improve once more, a partial restoration of our traditional productivity performance will be assured...
James found the pattern repeated in recessions as well. In the slump of 1938, for example, box office receipts, which had recovered somewhat from their earlier lows, declined again. The last national economic slowdown, which occurred in 1974 and 1975, would probably have been matched by a similar slide in film attendance, James says, if it had not been for the huge success of Jaws, which distorted the figures for the industry...
...With the loss of staff, there will be some slowdown in timing. The challenge we face is not to let that slowdown become a crawl," Wolfman said...