Productivity growth is a key indicator of the health of the economy and is directly related quality of life. According to the Centre for the Study of Living Standards (CSLS) a 1% productivity growth means that living standards will double in 70 years. Increase that growth to 3% and the living standard is estimated to double in just 24 years. Productivity growth is a key indicator of the health of the economy and is directly related quality of life. Investment, innovation and human capital are three key productivity drivers. Decisions concerning these drivers will largely determine productivity. By understanding the importance of productivity, the government can set policy and programs that will ensure success for years to come. We encourage the Government of Alberta to raise the profile and importance of productivity and show leadership to Canada and the world.
innovation education economics united states economy entrepreneurship productivity growth science and technology canada business economic growth employment human resources investments labour labour productivity productivity project management unemployment industrial productivity alberta benchmarks competencies competence entrepreneurial spirit