“Productivity is the principal driver of the prosperity of a society. So we have a problem.
In the largest European economies, productivity used to grow by 5% per annum in the 50ies, from 70 to 73 3% per annum, from 83 to 95 2% per annum, since 1995 less than 1% per annum. The same profile in Japan, the same profile in the US…. and despite all the technology innovations…”