U.S. ANNUAL PRODUCTIVITY GROWTH, 1947 - 1994 (PERCENT)

Years Annual Growth Rate

1947 - 1955 2.9

1955 - 1968 2.5

1968 - 1973 1.5

1973 - 1980 0.4

1980 - 1986 1.1

1986 - 1994 1.0

Source: Economic Report of the President, Washington, DC: U.S., Government Printing Office, 1996

Since 1973, there has been a slowdown in the growth of labor productivity in the United States and other countries.

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