OPINION

Heroes of productivity growth

News, Chris Bradley & Jan Mischke, Published on 03/06/2025

» Few doubt that productivity growth is good for society. It generally translates into higher wages, a consumer surplus (prices below what you are willing to pay), larger profits, and greater shareholder value. Less understood, however, is how productivity growth is created. New research from the McKinsey Global Institute shows that the lion's share comes from just a few firms making audacious moves.