<p>For the past 20 years, the growth in US productivity has been sluggish at about 1.2%, compared to the 3% pace at which it grew from the mid-1990s to the mid-2000s. Chicago Booth's Chad Syverson says that if US productivity hadn't slowed, the US economy would be bigger to the tune of $25,000 per person. So what's happening to productivity, and is it finally about to turn the corner?</p>

For the past 20 years, the growth in US productivity has been sluggish at about 1.2%, compared to the 3% pace at which it grew from the mid-1990s to the mid-2000s. Chicago Booth's Chad Syverson says that if US productivity hadn't slowed, the US economy would be bigger to the tune of $25,000 per person. So what's happening to productivity, and is it finally about to turn the corner?

How low productivity cost you $25,000

The Chicago Booth Review Podcast is the audio companion to CBR's coverage of the latest academic research in business, policy, and markets. Each week we dig into CBR articles and videos to examine a different topic in depth, from inflation to artificial intelligence. Join host and CBR editor-in-chief Hal Weitzman for groundbreaking research, explained in a clear and straightforward way.

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How low productivity cost you $25,000

How low productivity cost you $25,000