From 1950 to 2000, manufacturing employmentas a percentage of total employment in the
Chapter 12, Problem 10(choose chapter or problem)
From 1950 to 2000, manufacturing employmentas a percentage of total employment in the U.S.economy fell from 28 percent to 13 percent.At the same time, manufacturing outputexperienced slightly more rapid growth thanthe overall economy. a. What do these facts say about growth inlabor productivity (defined as output perworker) in manufacturing? b. In your opinion, should policymakers beconcerned about the decline in the share ofmanufacturing employment? Explain.
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