Today @hamiltonproj released a set of papers on productivity growth and innovation. In a framing paper by me, @RyanDNunn and @emilynmoss , we explore the productivity slowdown in the US. (thread)
https://www.hamiltonproject.org/papers/the_slowdown_in_productivity_growth_and_policies_that_can_restore_it

As the figure shows, compensation growth over long waves of time does move with productivity growth, but there’s also been a bigger gap in the last half century than previously, as workers captured less of productivity growth

The drop in productivity growth is in many ways about total factor productivity growth (output growth controlling for increases in labor and capital) which is at its slowest level in the last 15 years.

This slowdown has also not been a purely US phenomenon:

We explore why (many reasons) and what to do. Also check the event discussing these issues.
https://www.hamiltonproject.org/events/how_innovation_can_power_economic_growth
We are also releasing papers by a great group of academics:

New paper from @johnvanreenen that explores the slowdown in productivity growth and proposes a substantial ($100B) increase in federal spending to boost R&D and innovation
https://www.hamiltonproject.org/papers/innovation_policies_to_boost_productivity

Also, a paper from Heidi Williams and @PatentScholar on needed reforms to the patent system.
https://www.hamiltonproject.org/papers/reforming_the_patent_system

And, we will soon have a new proposal from @drlisadcook looking at Policies to Broaden Participation in the Innovation Process