Question
You work for the Treasury Department. GDP is $20T right now, and 100M workers make $8T in wages. You forecast that automation will increase Gross
You work for the Treasury Department. GDP is $20T right now, and 100M workers make $8T in wages. You forecast that automation will increase Gross Domestic Product (our country's total output) by 28% over the next 10 years. Simultaneously, the US economy will lose 10M jobs (for simplicity, assume all jobs pay equally). By what percentage would labor productivity change?
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Strategic Management
Authors: Frank Rothaermel
5th Edition
126026128X, 978-1260261288
