In the face of workforce shortages, debt, inflation, and the energy transition, regaining historical rates of productivity growth would add a whopping $10 trillion to US GDP. That’s a massive boost—and one the US sorely needs: “That’s roughly $15,000 of additional output per household in 2030,” says McKinsey Global Institute director and senior partner Olivia White in a new episode of The McKinsey Podcast, also featuring partner Charles Atkins. “Productivity is ultimately the engine of economic growth, but it is also the only way that things like real wages can grow over time. It’s the way we make sure that everybody has enough.” This Memorial Day, check out these insights to learn what business leaders and policy makers can do to help the United States become more productive, make employment more inclusive, and address the effects of developing technology on the workforce.
Rekindling US productivity for a new era
An approach to boosting US labor productivity
Watch the replay: Leaders discuss how to rekindle US productivity for a new era
Getting tangible about intangibles: The future of growth and productivity?
Will productivity and growth return after the COVID-19 crisis?
Survey results: Expectations for company performance, by industry