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Podcast: Michael Mandel on the case for productivity optimism

Summary:
[embedded content]Alphachat is available on Acast, iTunes and Stitcher.Michael Mandel, chief economic strategist at the Progressive Policy Institute, joined Alphachat to talk about his report, “The Coming Productivity Boom”, co-authored by Bret Swanson of Entropy Economics.Mandel argues that the decades-long productivity stagnation will end once companies in the “physical” industries — transportation, construction, manufacturing, healthcare, wholesale and retail trade — start investing in information technology the way that companies in the digital industries have.From the summary of their paper:The digital industries, which account for around 25% of U.S. private-sector employment and 30% of private-sector GDP, make 70% of all private-sector investments in information technology. The

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