What is the Great Decoupling?
Small Business Labs
MARCH 2, 2015
'The Great Decoupling is a term some economists use to describe the economic decoupling of productivity, wages, jobs and GDP growth. These 4 factors used to move more or less in unison. But as the chart below shows, starting around 2000 the growth in labor productivity "decoupled" from job growth. But the decoupling is even broader. As the hard-to-read (sorry) chart below shows, labor productivity and GDP growth has also decoupled from median household income (it's the bottom
Let's personalize your content