What explains the UK’s “productivity puzzle”?
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Labour productivity measures the output per worker in a period of time. Reasons for this 'productivity puzzle' include – more flexible labour markets, stagnant real wages, lack of investment, increase in part-time/temporary work, and international trends in technological development. ...
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Labour productivity measures the output per worker in a period of time. Reasons for this 'productivity puzzle' include – more flexible labour markets, stagnant real wages, lack of investment, increase in part-time/temporary work, and international trends in technological development.
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