Konstam: Pessimistic on Productivity Story

The video discusses the ongoing decline in productivity, highlighting the potential causes such as overemployment and insufficient investment. It questions whether this is a result of new globalization or technological diffusion. The speaker expresses pessimism about productivity trends and explores various factors, including demand-side issues, that might be contributing to the problem. Despite numerous possibilities, no definitive cause is identified.

What is the main topic discussed in the first section of the video?

• The benefits of globalization

• The impact of technology on employment

• The shock of productivity and its decline

• The rise of global productivity

What is the narrator's reaction to the ongoing productivity trends?

• Surprised by the continued decline

• Optimistic about future improvements

• Indifferent to the changes

• Confident in measurement accuracy

What is suggested as a significant factor affecting productivity in the second section?

• Global economic growth

• Accurate productivity measurements

• Overemployment relative to investment

• Increased investment in technology

What is the narrator's stance on productivity measurements?

• They are the main issue affecting productivity

• They are not the primary concern

• They are completely accurate

• They are irrelevant to productivity

Which of the following is NOT mentioned as a potential cause of overemployment in the final section?

• Definitive answers to productivity issues

• High risk-reward perception

• Lack of investment in technology

• Companies expecting stronger demand