It has become a cliche in the business world that in the last few years tighter management and sophisticated technology have led to a "productivity revolution."
But there is still a puzzle: why hasn't the productivity revolution made any difference to the economy's ability to grow?
During his time at WSJ, he focused on the productivity revolution, macroeconomics, and the myriad problems of corporate earnings reporting.
Rather than aberrations, we may be on the verge of a productivity revolution.
Most blue-collar workers will not regain jobs on the assembly line, and a productivity revolution in services may destroy office jobs in the short term.
Had there been a productivity revolution in the late 1990's, one would expect productivity growth rates much higher than 2 percent a year.
Even the bureau's technical adjustment was controversial, because it seemed to deflate business boasts about a "productivity revolution" in recent years.
Japan has become a financial superpower and is simultaneously committing itself to a productivity revolution (by automation), of which we have only the first glimpses.
Both papers appeal to the now-familiar productivity revolution to explain various aspects of the boom.
They're part of the productivity revolution.