Since 1760, productivity has increased almost 30 fold.That is largely down to technological innovations like electricity, telephones, and the internet.
Barclays chronicled the world's rising productivity in its latest Equity Gilt Study. Since 1760, productivity has increased almost 30 fold.
That is largely down to technological innovations like electricity, telephones, and the internet.
Barclays chronicled the world's rising productivity in its latest Equity Gilt Study. Included in the report was a breakdown of how productivity and output have developed over the course of the last century and a half, crossed with the major innovations that have come in that time.Barclays measured total output per hour across both the UK and the USA from 1760 onward, using an index where that year is considered to be 100. Productivity in 2018 is around 3,000 on this index.You can see the chart showing the growth in productivity below, as well as an index of the innovations:
-------iPod is in, but not iPhone.
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