From 1950 to 2000, manufacturing employment as a percentage of total employment in the U.S. economy fell
Question:
a. What do these facts say about growth in labor productivity (defined as output per worker) in manufacturing?
b. In your opinion, should policymakers be concerned about the decline in the share of manufacturing employment? Explain.
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a If output is rising and the number of workers is declining then output per worker mu...View the full answer
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