Productivity Rises, Sparking Hopes of Sustained Growth Like Post-Computer Boom of 1994

• Productivity is up for the first time in years, sparking hopes it could fuel lasting economic growth like in 1994 • Economists see parallels to 1994 when wage gains and moderating inflation coincided with strong economic growth • Higher productivity means companies can pay better wages without raising prices or cutting profits • New technologies like AI and hybrid work may be driving recent productivity gains • It's unclear if gains will last like in 1994 when computers finally boosted productivity after years of stagnation