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28 Sep 2019
"From 1950 to 2000, manufacturing employment as a percentage oftotal employment in the US economy fell from 28% to 13%. At thesame time, manufacturing output experienced slightly more rapidgrowth than hte overall economy.
a) What do these facts say about growth in labor productivity inmanufacturing?
n) In your opinion, should policy makers be concerned about thedecline in the share of manufacturing employment? Explain.
"From 1950 to 2000, manufacturing employment as a percentage oftotal employment in the US economy fell from 28% to 13%. At thesame time, manufacturing output experienced slightly more rapidgrowth than hte overall economy.
a) What do these facts say about growth in labor productivity inmanufacturing?
n) In your opinion, should policy makers be concerned about thedecline in the share of manufacturing employment? Explain.
Ritu KharbLv5
28 Sep 2019
