Comprehensive Analysis of Prospects and Factors for Growth of Labor Productivity: Past and Present

Abstract

The article presents a way to solve modern economic problems in Russia from the point of view of labor productivity. The Russian indicator was compared with data for other countries of the world, as well as in the context of its own history. An analysis of labor productivity in the USSR was carried out and it was proven that the growth of this indicator for the period from 1928 to 1937 correlates with data from the last past decade 2010 – 2019 in Russia. The factors contributing to the growth of labor productivity both at the present stage of development of the domestic economy are shown, and a forecast is made for the next few decades.