Hi folks. Much of the analysis on productivity is focused on certain areas or demographics, hence it's a tricky statistic to tie down.
However, one of the best sources I found during my research is here https://openknowledge.worldbank.org/bitstream/handle/10986/34015/9781464816086.pdf
"Since the GFC (global financial crisis), improvements
in many key correlates of productivity growth have slowed or gone into reverse.
Working-age population growth has decelerated, educational attainment has stabilized,
and the pace of expansion into more diverse and complex forms of production has lost
momentum as the growth of global value chains stalled (chapter 2). A new finding is the
increasing importance over time of economic complexity, urbanization, and innovation,
as well as of demographic factors, and that many drivers of productivity have been
stabilizing or declining over time. In addition, technology-driven gains in productivity
have tended to displace workers in the short run. The COVID-19 pandemic and
associated severe recession have increased the risk of further slowing in the pace of
improvements in the long-term correlates of productivity growth".
It's an interesting read!
