Labor Productivity and Wage Allocation: Thom and I Were Right!

The EU Commission’s recent report on Monitoring progress in the Member States for Italy, on pag 2,  acknowledges that “Slow productivity growth is mostly due to inefficiency in allocating resources. Indeed, Italy‚Äôs investment rate is comparable to that of other euro-area countries, but its level of capital efficiency is lower and declining.According to a recent […]