Moreover, each of these measures can be calculated in two ways: total productivity and first-author productivity.
Total productivity is now rising at 8% a year, by Kumar's count, versus 2.5% in the 1990s.
This reduces total productivity and reduces the ability of businesses to hire workers and to pay higher wages.
The next chart from McKinsey tells the story: More than half of total productivity growth comes from computers and information technology.
We expect growth in the total productivity of factors to remain close to what we saw in recent years in Latin America.
We forecast that growth in total productivity throughout the decade will be higher in Peru, and that Mexico will continue to post the lowest productivity growth in the region as a consequence of low competition in many economic sectors.
The good news is that companies still have plenty of scope to boost productivity by reorganising their businesses to use information technology more efficiently, which could yet boost growth in total factor productivity.
As far as I can see, total factor productivity in China is quite good.
More progress requires higher total factor productivity (TFP) growth and thus more progress on governance.
Most of the growth, in employment, in new products, in total factor productivity, and thus in living standards comes not from extant companies continuing to invest.
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Total factor productivity, which measures how efficiently labour and capital are combined, is only 42% of the level in America, or 82% that in South Korea.
From a total factor productivity standpoint, a guide post used by economists to measure capital investment in an economy, Brazil grew 1.2 percent over the last 8 years ending 2010, while Mexico grew just 0.1 percent.
Only a total dedication to productivity mastery will defend us from the ever increasing deluge of data and tasks, that rises even as you read this.
This group of employees comprises only about 20% of the workforce, but is responsible for 80% of the lost productivity and total health care costs.
GuardianEdge products offer a breadth of encryption, port, device and file type control technologies while establishing a market-leading position in solving the operational issues of deployment, management, scalability, reporting, auditing and user productivity at the lowest possible total cost.
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According to Staples, these coffee and snack runs are taking account for a total of 2.4 billion hours in lost productivity in the U.S. each year.
They point glowingly to Microsoft's total domination of the desktop, its market-leading productivity software packages, and its aggressiveness on the Internet.
We should bear in mind that total output and our standard of living depend on the productivity of our workers (output per hour worked) times the number of hours worked.
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The transition period would last at least 12 years and sensitive products, and those where there is little potential for productivity gains, can be excluded (around 20% of the total, according to a recent assessment).
The amount of private work being taken on had not increased, it found, the rate of decline in productivity had slowed, the ratio of full-time consultants to total staff in the NHS had risen and pay rises not linked to performance had slowed.
The authors find that when subsidies are given to competitive sectors and distributed in a way that maintains or increases the level of competition within the industry, then the net impact of these subsidies on productivity, productivity growth over time and also the share of new products in total sales (which is a measure of how innovative a firm is being) is positive.
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