Roll Call (published by Congressional Quarterly) quotes Howard Wial, who casts doubt on the assumption that higher productivity is slowing job creation. Wial is executive director of the Center for Urban Economic Development in the College of Urban Planning and Public Affairs.
“The story you often hear — that output growth is healthy, that we’re seeing a lot of productivity growth so we’re not getting a lot of new jobs — is not quite right,” said Howard Wial, an economist at the University of Illinois at Chicago and a senior fellow at the Brookings Institution. “It’s become almost conventional wisdom. It’s, if not completely wrong, at least overstated.”
