Knowledge Quote by Janet Yellen
“Productivity depends on many factors, including our workforce's knowledge and skills and the quantity and quality of the capital, technology, and infrastructure that they have to work with.”
About This Quote
Source Speech: Economic Outlook, 2023
Productivity is shaped by workforce skills, capital, technology, and infrastructure quality.
In simple terms: Skills, tools, and environment drive output.
Invest in people and tech.
Themes
Mood
Type
When to use this quote
- business strategy
- government planning
- education reform
Key Concepts
Questions to Reflect On
- How can we balance tech and human growth?
- What policies boost both skills and infrastructure?
Overemphasis on capital can ignore cultural factors.