By Neil Irwin, a senior economics correspondent for The New York Times.
For most of the past 15 years, the U.S. economy was mired in a period of low productivity growth. Who would have guessed that the pathway out of it might include a pandemic?
Yet that is what the numbers show. Since the second quarter of 2020, labor productivity — the amount of output per hour of work — has risen at a 3.8 percent annual rate, compared with 1.4 percent from 2005 to 2019. New . . .