On the productivity puzzle: Does business investment explain it all?

Following up on last week's "Productivity Growth: It's the Investment, Stupid".
James Pethokoukis at AEI's Ideas blog, June 10:






This, I would venture, is a pretty illuminating econ chart. It comes from the White House econ team.
Productivity growth has been glacial since the end of the Great
Recession. And a collapse in “capital intensity” plays the biggest role.
From the CEA’s Jason